Invalidating Tax Assessments

Introduction
Are you or is your business being assessed (or likely to be assessed) by the B.I.R.? Have you received any notice (Letter of Authority, Tax Verification Notice, Subpoena Duces Tecum, and the like)? Are you prepared? You need to be aware of what exactly you need to do or you will stand to spend an arm and a leg. Uncover the strategies, tactics, and remedies in handling tax assessments, disputes, and claims for refunds.

Course Objectives:
This course is designed specifically for individuals and businesses currently facing tax assessments by the Bureau of Internal Revenue (B.I.R.) or those who anticipate an impending assessment. Participants will gain practical insights into strategies for addressing tax assessments, contesting erroneous claims, and pursuing tax refunds. By the end of the course, participants will be empowered to effectively manage and navigate their tax challenges, minimizing financial and legal risks.

Major Takeaways:

• Develop strategies to respond to B.I.R. assessments and potential disputes.
• Recognize critical assessment stages and appropriate reactions to notices received.
• Identify common audit findings and learn how to effectively challenge them.
• Understand the tax refund process and the necessary steps for successful claims.

Introduction:
Are you or is your business being assessed (or likely to be assessed) by the B.I.R.? Have you received any notice (Letter of Authority, Tax Verification Notice, Subpoena Duces Tecum, and the like)? Are you prepared? You need to be aware of what exactly you need to do or you will stand to spend an arm and a leg. Uncover the strategies, tactics, and remedies in handling tax assessments, disputes, and claims for refunds.

Course Objectives:
This course is designed specifically for individuals and businesses currently facing tax assessments by the Bureau of Internal Revenue (B.I.R.) or those who anticipate an impending assessment. Participants will gain practical insights into strategies for addressing tax assessments, contesting erroneous claims, and pursuing tax refunds. By the end of the course, participants will be empowered to effectively manage and navigate their tax challenges, minimizing financial and legal risks.

Major Takeaways:

• Develop strategies to respond to B.I.R. assessments and potential disputes.
• Recognize critical assessment stages and appropriate reactions to notices received.
• Identify common audit findings and learn how to effectively challenge them.
• Understand the tax refund process and the necessary steps for successful claims.

Course Content

• Assessing Your Tax Assessment Situation

1. Legal basis of authority to assess Taxpayer
2. Prescriptive period of Tax Assessments
   • 3 years vs 10 years prescriptive period
   • Extension of period to assess through the issuance of a waiver
3. Types of BIR audit/investigation notices
   • Letter of authority, Letter Notice, Tax Verification Notice and Mission Order
   • Service of assessment notices
4. Immediate Steps to Take Upon Receiving a Notice
5. Submission of documents pursuant to BIR notice

• • Issuance of subpoena duces tecum
  • Application of the best evidence rule

• Understanding the Stages of Tax Assessment

1. Notice of discrepancy (NOD)
2. Preliminary Assessment Notice (PAN)
   • • Best practices for responding to a PAN to avoid a final assessment.
3. Final Assessment Notice (FAN)
   • • • What to do when you receive a FAN and how to build your case.

1. Final Decision Disputed Assessment (FDA)

• 1. • Strategies for navigating the final resolution process and implications for your business.

• Challenging Common Audit Findings

1. Questioning the validity of tax assessment at different stages
   of tax assessment

• 1. • Overview of frequent discrepancies found during audits and how they affect your assessment.

1. Addressing factual and legal issues in tax assessment

• 1. • Crafting compelling arguments and gathering supporting documentation to challenge the assessment.

 

• Claiming Tax Refunds

1. Understanding Refund Claims and Their Requirements

• 1. • Types of claims: Erroneously paid taxes versus overpaid input VAT.
     • Identifying the prescriptive periods for claims and key documentation requirements.

1. Rule on exhaustion of administrative remedies

• 1. • Knowing the procedural steps necessary to pursue your rights effectively.

Resource Speaker

Mr. Senen Quizon
Tax Partner – Deloitte Philippines

Click here for his profile.

 

Training Investment

REGULAR RATE
Php 1,899.00 + VAT

EARLY BIRD RATE
Php 1,499.00 + VAT until June 11, 2025

GROUP RATE
Php 1,399.00 + VAT per pax for 5 – 14 pax

SUPER GROUP RATE
Php 999.00 + VAT per pax for 15 or more pax

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Register within Your Birthday Month with at least 2 Paid Pax @Php1,899.00+ VAT per pax (Must present proof of date of birth)

JOIN NOW PAY LATER PROMO
Pay After 30 Days from the date of the Masterclass @ Php2,099.00+ VAT per pax

Presentation Materials and the Digital Certificate will be provided

 

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Thank you and enjoy!

Keep safe and God Bless!