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Scale of Penalties - admin - 06-02-2019
Whenever the taxpayer is considered delinguent or there is a tax deficiency, the taxpayer is subjected to a 25% civil penalty or surcharge on the amount of tax due. Should there be willful neglect to file a return or a false or fraudulent return is willfully made, then the civil penalty or surcharge is 50%.
Provided that failure to report sales, receipts of income in an amount exceeding 30% or a claim of deductions in an amount exceeding 30% of actual deductions shall constitute prima facie evidence of a false or fraudulent return. (Sec. 248, NIRC).
Also, any unpaid amount of tax shall be assessed and collected a 20% per annum interest from the date prescribed for payment until the amount is fully paid (Sec. 249, NIRC)