Section 23Sec./Art. 23

Section 115 of the National Internal Revenue Code of 1997, as amended, is hereby amended to read as follows:

"Section 115. Power of the Commissioner to Suspend the Business Operations of a Taxpayer. - The Commissioner or his authorized representative is hereby empowered to suspend the business operations and temporarily close the business establishment of any person for any of the following violations:

(a) In the case of a VAT-registered Person. -

(1) Failure to issue invoices;

(2) Failure to file a value-added tax return as required under Section 114; or

(3) Understatement of taxable sales by thirty percent (30%) or more of his correct taxable sales for the taxable quarter.

x x x."