GR : Taxation is not subject to set-off.
EXC : When both debts are due and demandable
and have been fully liquidated, and the
amount due the taxpayer has already
been appropriated by law, compensation
follows by operation of law.
TN : There can be no compensation as the
Government and the people are not
principal debtors and creditors of each
other.
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Term | Definition |
---|---|
GR : Taxation is not subject to set-off. EXC : When both debts are due and demandable and have been fully liquidated, and the amount due the taxpayer has already been appropriated by law, compensation follows by operation of law. TN : There can be no compensation as the Government and the people are not principal debtors and creditors of each other. |