The date of receipt of payment without interest is set by which instrument?

Study for the Tax Collection Exam with flashcards and multiple choice questions, each with hints and explanations. Get ready for your exam!

Multiple Choice

The date of receipt of payment without interest is set by which instrument?

Explanation:
A date fixed for receipt of payment without interest is set by a resolution because this formal action from the legislative body is used to establish specific administrative decisions like payment deadlines and when receipts are considered timely. Resolutions provide the official authority to set such fiscal dates without creating new laws or detailed regulations. In contrast, an ordinance would enact broader law, a regulation would be an agency rule implementing a law, and a policy is internal guidance; none of those best fit the act of fixing a particular payment receipt date. So the instrument used is a resolution.

A date fixed for receipt of payment without interest is set by a resolution because this formal action from the legislative body is used to establish specific administrative decisions like payment deadlines and when receipts are considered timely. Resolutions provide the official authority to set such fiscal dates without creating new laws or detailed regulations. In contrast, an ordinance would enact broader law, a regulation would be an agency rule implementing a law, and a policy is internal guidance; none of those best fit the act of fixing a particular payment receipt date. So the instrument used is a resolution.

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