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
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Q: The Congress of the Philippines enacted a law exempting the compensation and/or allowance or…
A: Solution: The Congress of the Philippines enacted a law exempting the compensation and/or allowance…
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1.
Who is the immediate superior officer of the Commissioner of Internal Revenue?
Who has the authority to exercise the State's power to tax?
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- 1. In light of the authority vested by the Tax Code to the Commissioner of Internal Revenue (CIR), the CIR recommended to the Secretary of the Department of Finance the creation of revenue district offices (RDOs) throughout the Philippines. The act of the CIR is in keeping with the principle of: a. Administrative Feasibility b. Fiscal Adequacy c. Theoretical Justice d. Uniformity6. A new comprehensive tax reform was enacted by the Congress of the Philippines. To effectively implement the law, the Secretary of the Department of Finance will most likelyissue:a.Revenue Memorandum Circularsb. Revenue Memorandum Ordersc.Revenue Memorandum Rulingsd. Revenue RegulationsThe Congress of the Philippines enacted a law exempting the compensation and/or allowance or payments given to frontliners in consideration of their efforts in combatting COVID-19. This power exercised by the legislative department is in keeping with? Group of answer choices Power of eminent domain Police Power Military power Power of Taxation Professional tax collected by Treasurers of local government units is an example of: Group of answer choices Direct tax Specific tax Income tax Privilege tax
- Fill out the table below. Which among the types of taxes (national or local, Philippines) do you think can be REDUCED, REMOVED or REVISED to the benefit of both the government and the common individual. Cite relevant sources such as previous research studies, taxation programs and the like.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…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.
- 1. In view of the powers vested by the Tax Code to the Commissioner of Internal Revenue (CIR), the CIR accredited specific banks and authorized such as its agent in receiving payments of taxes. The act of the CIR is in keeping with the principle of: a. Administrative Feasibility b. Fiscal Adequacy c. Situs of Taxation d. Theoretical JusticeThe federal tax laws, written by W, are found in the X. The rules related to these tax laws are written by the Y, while the Secretary of State is responsible for Z a. W = Treasury Department; X = the Federal Register; Y = IRS; Z = federal taxation b. W=IRS;X=NewYorkTimes;Y=SEC;Z= foreignaffairsc. W = Congress; X = Internal Revenue Code; Y = Treasury Department; Z = foreign affairs *d. W = the President; X = Internal Revenue Code; Y = IRS; Z = consumer product safetyThe Congress of the Philippines enacted a law exempting the compensation and/or allowance or payments given to frontliners in consideration of their efforts in combatting COVID-19. This power exercised by the legislative department is in keeping with? A Power of eminent domain B Police Power C Military power D Power of Taxation
- TRUE OR FALSE? 11. Among the executive officials of the government, only the Commissioner of the Bureau of Internal Revenue (BIR) has the power to interpret the provisions of the National Internal Revenue Code of the Philippines and other tax laws.12. Tax assessments made by the BIR must be in writing containing the law and facts as the basis for assessment.13. Tax assessment is an act of actual tax collection.14. The BIR can appeal to the Court of Tax Appeal (CTA). 15. The final decision made by the CTA can be appealed to the Supreme Court within 30 days.Give an opinion about the Legality of The Assault on Tax Avoidance Practices in the Philippines1. 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.