��'��R��V��Nr�q���1�QU�P�36ü��h��7�L�=ˑ��O���7� endstream ANGELA LEONOR C. AGUINALDO ATENEO LAW 2010 CHAPTER 1 GENERAL PRINCIPLES FEATURES OF PHILIPPINE INCOME TAXATION TAX SITUS Literally means the place of taxation, or the country that has ATENEO LAW 2010 CHAPTER 1 GENERAL PRINCIPLES FEATURES OF PHILIPPINE INCOME TAXATION TAX … TAXATION LAW POWER OF TAXATION Taxation is an inherent of power of 8 Full PDFs related to this paper. To enable candidates understand the general objectives of taxation and to apply this knowledge in practice by calculating income tax for different taxable persons including individuals, partnerships, corporate bodies and taxation principles applicable to special trades. This paper. In general, it is said that the tax incidence falls upon capital, labour and/or consumption. However, any person who wilfully attempts in any manner to evade or defeat any tax imposed under the Tax Code shall, in addition to other penalties provided by law, upon conviction thereof, be punished by a fine of not less than PHP30,000 but not more than The first four principles are the maxims of taxation laid out by economist Adam Smith in his 1776 work, The Wealth of Nations.1 These principles… [7A�\�SwBOK/X/_�Q�>Q�����G�[��� �`�A�������a�a��c#����*�Z�;�8c�q��>�[&���I�I��MS���T`�ϴ�k�h&4�5�Ǣ��YY�F֠9�=�X���_,�,S-�,Y)YXm�����Ěk]c}džj�c�Φ�浭�-�v��};�]���N����"�&�1=�x����tv(��}�������'{'��I�ߝY�)� Σ��-r�q�r�.d.�_xp��Uە�Z���M׍�v�m���=����+K�G�ǔ����^���W�W����b�j�>:>�>�>�v��}/�a��v���������O8� � This was the informative speech on the basic taxation principles in the Philippines. %PDF-1.3 2Dimaampao, Tax Principles and Remedies, 2008 ed., pp. x�X�n�6}�W�K �Q�(�11ܢEk׎��ovk^��׽�e?�g8C�o�XX@Ԑ�ùs�7tJ7�RiMn��RՖT����n����ᝥ���w�n�Rh~qye��mɷ�)�d��W-�ı�ҋ��d��PJu�Q�η�Y�, �r�����દ6��pU��+*g�tE����p��e]QY#^��r��yA��X ��DaѶ�Ƚ���`��4���Զ0U�����YHW��T���Z���-$��sS;[RYyS6�,���Kއ2��Ġ�(�^ftPP�V�JJO0k����PL0�Je/��?ch�,6� 4�.0,` �3p� ��H�.Hi@�A>� 18 Full PDFs related to this paper. PDF | On Jan 1, 2010, Kerrie L. Sadiq and others published Principles of Taxation Law | Find, read and cite all the research you need on ResearchGate ١~b�!�g�c;��8��ׄh�r��! Basic Economics With Land Reform And Taxation Pdf Download -> DOWNLOAD (Mirror #1) Fairness, in that taxation should be compatible with taxpayers’ conditions, including their ability to pay in line with personal and family needs. << /Length 5 0 R /Filter /FlateDecode >> a paper read before the dublin statistical society: 18th november, 1850. by w. neilson hancock, lld. �FV>2 u�����/�_$\�B�Cv�< 5]�s.,4�&�y�Ux~xw-bEDCĻH����G��KwF�G�E�GME{E�EK�X,Y��F�Z� �={$vr����K���� 11 0 obj The policy of taxation in the Philippines is governed chiefly by the Constitution of the Philippines and three Republic Acts. endobj INCOME TAX REVIEWER AND CASE DIGESTS PAGE- 1 – MA. 13 0 obj Definition and nature b. General principles of taxation 1. 1. [Chavez v. Ongpin, 186 SCRA 331] 2. the general principles of taxation, ajs illustrating the advantages of a perfect income tax. endstream Several theories of taxation exist in public economics.Governments at all levels (national, regional and local) need to raise revenue from a variety of sources to finance public-sector expenditures.. Adam Smith in The Wealth of Nations (1776) wrote: "Such things as defending the country and maintaining the institutions of good government are of general benefit to the public. Property is taken to promote the general welfare. THE POWER TO TAKE PRIVATE PROPERTY (WITH JUST COMPENSATION) FOR PUBLIC USE. It is a manner of apportioning the costs of the government among those who, in some measure, are privileged to enjoy its benefits and must bear its burdens. The first principle, efficiency, means that the tax system raises enough revenue to sponsor projects without burdening the economy and the system shall not become a disincentive for performance. ), p. 2, citing 1 Cooley 63. Maybe exercised only by the government. Ⱦ�h���s�2z���\�n�LA"S���dr%�,�߄l��t� Income tax 1. These principles are still considered to be the starting point of sound public finance. national law: National Internal Revenue Code—enacted as Republic Act No. A citizen of the Philippines residing therein is taxable on all income derived from sources within and without the Philippines; 10 0 obj It is intended for guidance only and as such should not be regarded as a GENERAL PRINCIPLES OF TAXATION FUNDAMENTAL PRINCIPLES IN TAXATION. TAXATION TAXATION is the inherent power by which the sovereign, through its law-making body, raises revenue to defray the necessary expenses of the government. GENERAL PRINCIPLES OF TAXATION FUNDAMENTAL PRINCIPLES IN TAXATION. It was a thirty-minute speech on the basics of the Philippine Tax system presented to the students of the Mindanao State University - Iligan Institute of Technology on … 2 0 obj O*��?�����f�����`ϳ�g���C/����O�ϩ�+F�F�G�Gό���z����ˌ��ㅿ)����ѫ�~w��gb���k��?Jި�9���m�d���wi獵�ޫ�?�����c�Ǒ��O�O���?w| ��x&mf������ It means that the tax burden should be proportionate to the taxpayer’s ability to pay. x��wTS��Ͻ7��" %�z �;HQ�I�P��&vDF)VdT�G�"cE��b� �P��QDE�݌k �5�ޚ��Y�����g�}׺ P���tX�4�X���\���X��ffG�D���=���HƳ��.�d��,�P&s���"7C$ {u�zV@*����?���:#G����6���u��y���O�46�g`~����CX홙-� Definition, nature, and general principles a. stream It is merely a way of apportioning the cost if the government among those who in some measures are privileged to enjoy its benefits and, therefore, must bear its burdens. • Discuss the purposes of taxation. Taxation is the inherent power of the sovereign, exercised through the legislature, to impose burdens upon subjects and objects within its jurisdiction for the purpose of raising revenues to carry out the legitimate objects of government. Downloadable! General Principles of Taxation.

  • Inherent power of the sovereign,
  • exercised thru the legislature,
  • to impose burdens upon the subject and object within its jurisdiction,
  • for the purpose of raising revenues to carry out the legitimate objectives of the government. C. Operates upon the whole citizenry. Canons/Principles of Taxation By Adam Smith: Adam smith, the father of modem political economy, has laid down four principles or cannons of taxation in his famous book "Wealth of Nations". FUNDAMENTAL PRINCIPLES OF TAXATION – 29 Chapter 2 Fundamental principles of taxation This chapter discusses the overarching principles of tax policy that ... taxes can have a similar tax incidence. PDF. Law on Taxation [a] Can the CIR of the Philippines also tax the same shares? Explain. TAXATION 1 – Income Taxation. A citizen of the Philippines residing therein is taxable on all income derived from … The principles of good taxation were formulated many years ago. (2.5%) [b] Explain the concept of double taxation. �*h��|Cf(��H��#o��N��B�z�yb$��c��bk�C��^(��)]۱�PfҝrE��7��\ڢ.���t��l�a��63 �;��_�O�c�����B\4>s�Y�����"���(�D�P7� *�n7�(D*���Y(,\d�&�!��!�Q��FU� ��t��Mu27;\��GT��{���!��5��62��$E�`! L݇sʦ¨Æýf\8!ÀÒInrb´‘urO¾Î¯ùʜGזÔL|xsw«è7‹ÞðVŒ1(Äáù3ìæ܅–Žéþ[Ê:]n˜Â˜•fà j Ό'ÙäúCÇÊßh49\bp÷ô¦a@Á ¿—ÐxÍpOï°§àÅ&vh{A€»¹èÁÀŠ‰. (2.5%) (2016 BAR) SUGGESTED ANSWER: (A) Yes. 7 0 obj Learn vocabulary, terms, and more with flashcards, games, and other study tools.Basic Economics, Taxation and Land Reform This blog is made in compliance with the final requirement for the subject ECON01A as part of the Final Exam for Second .Politics and Economics of Land Reform in the Philippines: . •TAXATION POWER. 1398 TAX AVOIDANCE VS. TAX EVASION. Download. \��b`�0y�9�u@�i�����l���+լq��mӐ�(j1ş �*��0���L\eI�G^Җ*[W$J_)M�6������H��P�uP��MD��.Գ� Taxation is the act of levying the tax, i.e., the process or means by which the sovereign, through its law-making body, raises income to defray the necessary expenses of the government. General Principles of Taxation Tax 111 – Income Taxation Ferdinand C. Importado CPA, MBA 2. This paper. Criteria in imposing Philippine income tax b. The Philippines does not have a general anti-avoidance clause within its tax code. B. D. There is generally no limit as to the amount that may be imposed. Outcomes On completion of this module the candidate should be able to: i. 8424 or the Tax Reform … It means that the sources of revenue should be sufficient to meet the demands of public expenditures. Existence of income ii. A tax is a compulsory payment made by individuals and companies to the govern­ment on the basis of certain well-established rules or criteria such as income earned, property owned, capital gains made or expenditure incurred (money spent) on domestic and imported articles. << /Length 11 0 R /N 3 /Alternate /DeviceRGB /Filter /FlateDecode >> 4 0 obj Equality or theoretical justice . general principles of taxation. Guiding principles of good tax policy The guiding principles, listed below, are commonly cited and used as indicators of good tax policy. << /ProcSet [ /PDF /Text ] /ColorSpace << /Cs1 7 0 R >> /Font << /TT1 8 0 R Download Full PDF Package. This paper provides a background to options available to the government moving forward, starting with basic principles of taxation, criteria for evaluation, tax instruments and mix of instruments. Fiscal adequacy . Primary Purpose (Revenue/Fiscal) - to raise revenues for the support of the government. GENERAL PRINCIPLES OF TAXATION FUNDAMENTAL PRINCIPLES IN TAXATION. The most important source of government revenue is tax. Income a. THREE INHERENT POWERS OF THE SOVEREIGN STATE. Three basic principles of a sound tax system . Realization and recognition of income A good tax system follows the four principles of taxation. x��َGr���)�f�n�. •POLICE POWER. •EMINENT DOMAIN POWER. prepared by my University of the Philippines Visayas BA 127 class (2015) endobj 3 Benjamin B. Aban, Law of Basic Taxation in the Philippines (Revised Ed. READ PAPER. !F�K�ơ[�&�#j�%[�檊�� View Notes - General Principles of Taxation.pdf from SBM TAX 1B at University of Southern Philippines Foundation, Lahug Main Campus. /TT2 9 0 R >> >> The Philippines and three Republic Acts still considered to be the starting point of sound finance... Incidence falls upon capital, labour and/or consumption a Reform of the government if... 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