Please answer the 2 questions being posted Statement 1: It is the length of staywithin or outside the Philippines whichprimarily determines the residency ofa citizen or alien. Statement 2: In theabsence of proof as to the intentionof a taxpayer, the length of stay withinor outside the Philippines shall beconsidered in classifying the taxpayereither as resident or non-resident. *Both statements are trueBoth statements are falseOnly statement 1 is trueOnly statement 2 is true All of the following statements areincorrect, exceptBIR Rulings prevails over Local TaxOrdinance on matters concerning barangaytaxes.General provisions under Tax Code prevailover BIR Regulations.There is a violation of law if revenueregulations and rulings made by theSecretary of Finance are not followed by hissuccessor.Revenue regulations have the effect of taxlaw unless in conflict with the law.

In a different case in the case of Individual is a resident if he lives longer in the Philippines he…

Answered: All of the following statements are…

Individual Income Taxes

43rd Edition

ISBN:9780357109731

Author:Hoffman

Publisher:Hoffman

Chapter2: Working With The Tax Law

Section: Chapter Questions

Problem 7DQ: Rank the following items from the lowest to highest authority in the Federal tax law system: a....

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Similar questions

Please answer asap,i will rate u thanks! Settled is the rule that in tax matters, the government is not estopped by the errors or mistakes committed by its agents or officers. This should be construed to mean that: a) The state may still collect prescribed taxes. b) BIR can still present evidence to prove as¬sessment. c) The power to tax is plenary and compre¬hensive. d) The power to tax is supreme and unlimited.
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 Justice
The following powers are classified as primary powers of the Commissioner of the BIR. Which of these powers is the Commissioner’s secondary power? Power to interpret tax laws Power to assess and collect the amount of tax Power to make arrest and seizures Power to examine books of accounts.
Indicate whether the following statements are "True" or "False" regarding letter rulings. a. Letter rulings have the force and effect of law and provide guidance and support for taxpayers in similar transactions. b. A letter ruling represents the current opinion of the IRS on the tax consequences of a transaction with a given set of facts. c. Letter rulings not only help promote a uniform application of the tax laws but also may reduce the potential for litigation or disputes with IRS agent
The 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
Which of the following is NOT a power granted to the tax authority? a.The power to request information from third parties. b.The power to arrest. c.The power to audit. d.The power to enter, search and remove documents and record
Which one of the following statements is NOT correct about taxation? (A) Taxes produce revenue for government operations. (B) Itemized deductions provide a larger deduction amount than the standard deduction. (C) Taxation is used to influence the behavior of individuals, businesses, nonprofit entities, and even the government. (D) Tax rates and deductions are impacted by a taxpayer’s filing status.
Which of the following is not a true statement regarding revenues from various types of nonexchange transactions? Derived tax revenues occur as a result of sales and or income tax. Imposed nonexchange revenues consist of only fines and penalties assessed by the governing agency. Government mandated nonexchange transactions includes grants from the federal government to the local public-school system for a free lunch program. Voluntary nonexchange transactions can originate from a governmental agency or private citizen organization. Imposed nonexchange transactions revenue recognition is made in the time period when the resulting resources are required to be used or in the first period in which use is permitted.
Statements of procedures that affect the rights and obligations of taxpayers or the public in general with respect to the application of the tax laws or tax information which should be a matter of public knowledge are released as: a. Revenue Rulings b. Technical Advice Memoranda c. Private Letter Rulings d. None of the above
These are involuntary fees levied on individuals or corporations and imposed by the government —whether local, regional, or national to finance government activities. a. Taxes b. Excise Taxes c. Property Tax d. VAT
Is it acceptable or unacceptable for government tax enforcers to interact with tax accounting professionals?
The official document issued by the CIR or his authorized representative authorizing the examination of taxpayer records is called: a.Authorization letter b.Letter Notice c.Letter of Authority d.Mission Order Which is NOT a power of the Commissioner? a.The power to abandon previous rulings b.The power to enter into a compromise c.The power to issue revenue regulations d.The power to issue rulings of first impression

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All of the following statements are incorrect, except