Tax Deficiency vs. Tax Delinquency

Tax deficiency is defined as the amount still due and collectible from a taxpayer upon audit or investigation; whereas tax delinquency is defined as the failure of the taxpayer to pay the tax due on the date fixed by law or indicted in the assessment notice or letter of demand. (Takenaka Corporation Philippine Branch v. Commissioner of Internal Revenue, CTA EB No. 745, September 4, 2012)

Why choose ALBURO LAW?

Alburo Alburo & Associates Law Offices:

• Have labor law and business law as our main fields of practice. For almost a decade now, we have been helping businesses improve their productivity and profitability by helping them comply with relevant laws, rules, and regulations.

• Observe high standards of excellence.

• Always consider innovative approaches to effectively address the legal concerns of our clients, covering a wide range of industries such as food, manufacturing, chemicals, real estate, retail and wholesale trade, and services in fields such as information technology, human resources, security, training, process outsourcing and other manpower services, among many others.

Contact us: 09778050020 | 09778050015 | (02) 7745-4391

Email us: [email protected] | [email protected]

April 2024 TRAINING PROGRAM
Technical Writing and Proper Documentation of Disciplinary Cases
Understanding Contracting and Subcontracting under Labor Laws
How to Prepare for and Handle BIR Audits
How to Avoid Illegal Dismissal Cases
Theft of Company Property: What to Do When Employees Steal in the Workplace
One-Person Corporation Simplified
Legal Tips for Employers on Collective Bargaining Agreement (CBA) Negotiations