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Following due process, a notice of discrepancy (NOD) is not an assessment notice. It gives the taxpayer the chance to explain any discrepancy found by the revenue officer from an investigation. The NOD replaces the Notice of Informal Conference (NIC). This video explains what a Notice of Discrepancy is and what the taxpayer should do upon being served one. ============================== Related Videos: BIR Tax Audit - • BIR Tax Audit Explained | How BIR Selects ... Electronic Letter of Authority - • 5 Basic Things You NEED to Know About BIR ... ============================== Reference: Revenue Regulations No. 22-2020: https://tinyurl.com/599nrjuu Sample NOD: https://tinyurl.com/vf6mh78m ============================= #nod #noticeofdiscrepancy #bir ============================= Disclaimer: This video is mainly for academic purposes and is not a substitute in doing your due diligence. For highly technical tax issues, you are advised to seek professional assistance or contact BIR for proper tax compliance.