Philippine law 1. As a rule, legislative power is vested to the Congress. Exceptions to this rule are the following except: a. Emergency powers of the President b. Tariff powers of the president c. President power d. Delegation to LGU e. None of the above 2. Power to tax is exercised by? a. President b. Legislative c. Judiciary d. BIR 3. Custom duty is different from tax because: a. Custom duty is comprehensive than tax b. Custom duty refers to tax on persons and goods imported and exported c. Tax is based on law,

Philippine law 1. As a rule, legislative power is vested to the Congress. Exceptions to this rule are the following except: a. Emergency powers of the President b. Tariff powers of the president c. President power d. Delegation to LGU e. None of the above 2. Power to tax is exercised by? a. President b. Legislative c. Judiciary d. BIR 3. Custom duty is different from tax because: a. Custom duty is comprehensive than tax b. Custom duty refers to tax on persons and goods imported and exported c. Tax is based on law,

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter2: Working With The Tax Law

Section: Chapter Questions

Problem 4P

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Which of the following statements are correct? i. A tax is a statutory obligation that is imposed by an act of parliament in a country. ii. A tax is any deduction taken from a person’s salary by the government. iii. Taxation is the major source of government income. iv. Direct and indirect taxes are the two broad categories of taxation.
8. Generally, the following can exercise the power of taxation, except: a. The local sanggunian b. The members of the House of Representatives c. The president d. The senators 9. The following are the reserved powers of Congress in exercising taxation, except: a. Determination of the deficiency taxes b. Discretion on who to tax c. Identify the method how to collect the tax d. The purpose of the levy 10. The following principles are inter-related, except: a. Ability to pay b. Benefit received theory c. Progressive tax system d. Theoretical justice 11. Which is NOT a proper exercise of administrative feasibility? a. Electronic Tax Payment System (eTPS)/Land Bank Remittance System (LBRS) b. Payment of tax thru credit/debit/prepaid cards/G-Cash c. Requirement to all taxpayers to file tax returns d. Substituted Filing of Qualified Compensation Income Earners
Philippine tax laws are, by nature, O a. political. O b. civil. C. political and civil. O d. penal and civil. O O O O
1. What are the purposes of the imposition of excise taxes (e.g. sin taxes)? 2. Read and locate the changes in the excise taxes in the Philippines included in the Republic Act No. 10963 or the Tax Reform for Acceleration and Inclusion Law (TRAIN Law). Reflect on the possible reasons of the Congress in including these provisions in the amendments of the National Internal Revenue Code of the Philippines. Support your answers by providing facts and/or arguments.
The following are constitutional limitations on the power of taxation, except one: * A. Public purpose B. No imprisonment for non-payment of poll tax C. Equal protection of law D. Power of the President to veto items in a revenue bill
Article and Section in the Philippine Constitution state that "the rule of taxation shall be uniform and equitable" and that "Congress shall evolve a progressive system of taxation." a. Article VI, Section 18 of the Constitution b. Article VI, Section 28 of the Constitution c. Article V, Section 28 of the Constitution d. Article VII, Section 18 of the Constitution
The legislative body cannot impose tax upon income of certain persons outside Philippine jurisdiction due to this principle. Group of answer choices a. International comity b. Reciprocity c. Territoriality d. Inherent limitation of taxation
1. Who is the immediate superior officer of the Commissioner of Internal Revenue? Group of answer choices President of the Philippines Secretary of Finance The People Thomas Shelby 2. Who has the authority to exercise the State's power to tax? Group of answer choices Legislative Judiciary President of the Philippines Executive
A) Can the government tax its own agencies or instrumentalities? Explain. PHILIPPINE GOVERNMENT
The power to tax is provided for by the Constitution, the National Internal Revenue Code, Special Laws, and administrative revenue issuances. Group of answer choices True False
1. Which is the most accurate definition of income in the Philippines? Group of answer choices Is the process or means by which through the sovereign, through its law-making body, imposes burdens upon subjects and objects within its jurisdiction for the purpose of raising revenues to carry out its legitimage objects of government. Basta pag kumita tataxan Pertinent items of gross income specified in this Code, less deductions, if any, authorized for such types of income by this Code or other special laws. Is the flow of wealth other than by a mere source of capital. 2. The power to tax is provided for by the Constitution, the National Internal Revenue Code, Special Laws, and administrative revenue issuances. Group of answer choices True False 3. Local Government Units, being limited in power, has the power to tax its constituents. Group of answer choices True False 4. The BIR need to assess a taxpayer for payment of taxes Group of answer choices True…
6. Which of the following is g erally serving the regulatory function of taxation? a. Real Estate Tax b. Income Tax c. Customs Duties d. Estate Tax 7. Which of the following could not be considered as a purpose of taxation? a. To raise revenue to support the government. b. To distribute the wealth of the nation. c. To check inflation. d. To impose monetary burden to the people. 8. Which of the following business taxes serve more the regulatory functions of taxation? a. Value Added Tax b. Percentage Tax c. Excise Tax d. Documentary Stamp Tax