If you are amenable, please pay the above suggested compromise amount within fifteen (15) days from receipt hereof using the eBIR Payment Form No. 0605, through the duly authorized agent bank in which your company is enrolled in and where it pays its internal revenue taxes. Afterwards, submit proof of payment thereof to the Office of the Regional Director, this Region, located at 25th Floor, The Podium West Tower, ADB Ave., Ortigas Center, 1550 Mandaluyong City. Otherwise, this case shall be referred to the Legal Division of this Region for the institution of criminal action, pursuant to Paragraph III (5) of RMO No. 1-1990, as amended. Very truly yours, CAESAR R. DULAY Commissioner of Internal Revenue By: ROMULO L. AGUILA, JR. Regional DirectorRequirements Assume that it is a Final Assessment Notice (FAN) and you are to prepare a valid Protest. State the possible defenses available for the taxpayer in each findings. Subject: Strategic Tax ManagementDEC 16 2020 PRELIMINARY ASSESSMENT NOTICE (Part II) The President Annapolis St., Greenhills 1502 San Juan City TIN: Sir/Madam: Please be informed that after the investigation of your internal revenue tax liabilities for the taxable year 2017, it was disclosed that you failed to comply with the enumerated provisions on time or times as required by existing revenue laws, rules and regulations as stated hereunder, in relation to Section 255 of the NIRC of 1997, as amended by R.A. 8424, which states that: Section 255 - Failure to File Return, Supply Correct and Accurate Information, Pay Tax, Withhold and Remit Tax and Refund Excess Taxes Withheld on Compensation - Any person required under this Code or by rules and regulations promulgated thereunder to pay any tax, make a return, keep any record, or supply correct and accurate information, who wilfully fails to pay such tax, make such return, keep such record, or supply such correct and accurate information, or withhold or remit taxes withheld, or refund excess taxes withheld on compensation, at the time or times required by law or rules and regulations shall, in addition to other penalties provided by law, upon conviction thereof, be punished by a fine of not less than ten thousand pesos (P10,000.00) and suffer imprisonment of not less than one (1) year but not more than ten (10) years." However, in lieu of instituting criminal action, this Office is amenable to settle the same extrajudicially, subject to the condition that you shall pay compromise penalty in the amount of P55,000.00 for the violations enumerated hereunder pursuant to the schedule of suggested compromise penalties prescribed under Revenue Memorandum Order (RMO) No. 1-1990, as amended by RMO No. 7-2015, in relation to Sections 7(C) and 204(B) of the NIRC of 1997, as amended Nature of Violation Violated Provisions Amount Failure to file and pay VAT returns at the time Sec. 114 of NIRC of 1997, P 40,000.00 or times required by law or regulation as amended Failure to file and pay EWT returns at the time Sec. 57 (B) of NIRC of 1997, 15,000.00 or times required by law or regulation TOTAL AMOUNT DUE P 55,000.00