Denmark Torralba did not file his income tax return for the calendar year 2022 which was due for filing on April 15, 2023. He was notified by the BIR of his failure to file the tax return, for which reason, he filed his tax return and paid the tax only after the said notice on July 15, 2024. Excluding compromise penalties, the tax due per return is P100,000. How much is the total amount due?
Denmark Torralba did not file his income tax return for the calendar year 2022 which was due for filing on April 15, 2023. He was notified by the BIR of his failure to file the tax return, for which reason, he filed his tax return and paid the tax only after the said notice on July 15, 2024. Excluding compromise penalties, the tax due per return is P100,000. How much is the total amount due?
Chapter17: Tax Practice And Ethics
Section: Chapter Questions
Problem 20CE
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Question
Denmark Torralba did not file his income tax return for the calendar year 2022 which was due
for filing on April 15, 2023. He was notified by the BIR of his failure to file the tax return, for
which reason, he filed his tax return and paid the tax only after the said notice on July 15, 2024. Excluding compromise penalties, the tax due per return is P100,000. How much is the total amount due?
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