Ch 2 Tax

Front 1

These are laws that provide for the assessment and collection of taxes

Back 1

Tax law

Front 2

These are laws that grant certain immunity from taxation

Back 2

Tax exemption law

Front 3

Enumerate the 7 sources of tax laws

Back 3

1. Constitution

2. Statutes and Presidential Decrees

3. Judicial decisions and case laws

4. Administrative issuances

5. Executive order or batas pambansa

6. Local ordinances

7. Tax treaties and conventions with foreign countries

Front 4

Philippine tax is ____ and not political in nature

Back 4

Civil

Front 5

Issued by the secretary of finance that defines rules and regulations to enforce the NRIC

Back 5

Revenue regulations

Front 6

Provides everything necessary to implement the policies of BIR

Back 6

Revenue Memorandum Orders

Front 7

Rulings, opinions, and interpretations of the CIR

Back 7

Revenue memorandum rulings

Front 8

It is an enforced proportional contribution levied by the lawmaking body of the state to raise revenue for public purpose

Back 8

Tax

Front 9

Tax must be levied by the taxing power having jurisdiction over the _____

Back 9

Object of taxation

Front 10

Tax must not violate _____ and_____

Back 10

Constitutional and inherent limitations

Front 11

Tax must be uniform and ____

Back 11

Equitable

Front 12

Tax must be for _____ purpose

Back 12

Public

Front 13

Tax must be _____in character

Back 13

Proportionate

Front 14

Tax is generally payable in ____

Back 14

Money

Front 15

This tax is for general purpose

Back 15

Fiscal or revenue tax

Front 16

This tax is to regulate business, conduct, acts, transactions

Back 16

Regulatory tax

Front 17

A tax levied to achieve some social or economic objectives

Back 17

Sumptuary

Front 18

A tax on persons who are residents of a particular property

Back 18

Personal, poll, or capitation

Front 19

A tax on properties, real or personal

Back 19

Property tax

Front 20

Tax on performance of enjoyment of a privilege

Back 20

Excise or privilege tax

Front 21

The statutory taxpayer is the economic taxpayer

Back 21

Direct tax

Front 22

The staturoty taxpayer is not the economic taxpayer

Back 22

Indirect tax

Front 23

A fixed amount of tax on a per unit basis

Back 23

Specific tax

Front 24

A fixed amount of tax on the value of the tax object itself

Back 24

Ad valorem

Front 25

Flat or fixed rate tax

Back 25

Proportional tax

Front 26

Increasing tax rates as the tax base increases

Back 26

Progressive or graduated tax

Front 27

Decreasing tax rates as the tax base increases

Back 27

Regressive tax

Front 28

It is a mixed of other taxes

Back 28

Mixed tax

Front 29

Tax imposed by the national government

Back 29

National tax

Front 30

Tax for annual income, gains, or profits

Back 30

Income tax

Front 31

Tax on the gratuitious transfer of properties by a decedent upon death

Back 31

Estate tax

Front 32

Tax on the gratuitous transfer of properties by a living donor

Back 32

Donor's tax

Front 33

Consumption tax by VAT business taxpayers

Back 33

Value added tax

Front 34

A consumption tax by non VAT business taxpayers

Back 34

Other percentage tax

Front 35

Tax on sin products and non essential commodities

Back 35

Excise tax

Front 36

A tax on documents

Back 36

Documentary stamp tax

Front 37

A tax imposed by the municipal or local government

Back 37

Local Tax

Front 38

____ is the amount imposed by the government but ____ is the total collections of the government

Back 38

Tax, revenue

Front 39

_____ is imposed after the operations of a business while ______ is paid before starting a business

Back 39

Tax, license fee

Front 40

______ is paid whether or not you benefit from the properties of the government while ____ is paid when you benefit from the properties of the government

Back 40

Tax, toll

Front 41

_____ is imposed on persons and properties while _____ is imposed on land only

Back 41

Tax, special assessment

Front 42

_____ is imposed on persons and properties while _____ is imposed on imported and exported goods

Back 42

Tax, tarriff

Front 43

_____ is imposed to support the government while ____ is imposed to prohibit acts or bad conduct

Back 43

Tax, penalty

Front 44

The methods or schemes of imposing, assessing, and collecting of taxes

Back 44

Tax system

Front 45

The tax system imposed on income of individuals and local business taxes

Back 45

Progressive tax system

Front 46

The tax system imposed on corporate income

Back 46

Proportional Tax System

Front 47

The tax system not used in the Philippines

Back 47

Regressive Tax system

Front 48

It is the tax system on direct taxes and cannot be shifted

Back 48

Progressive system

Front 49

Tax system on indirect taxes and can be shifted from business to customers

Back 49

Regressive system

Front 50

Enumerate the three principles of a sound tax system

Back 50

Fiscal adequacy

Theoretical justice

Administrative Feasibility

Front 51

The sources of government funds must be sufficient to cover government costs

Back 51

Fiscal adequacy

Front 52

The principle of a sound tax system that states taxation should consider the taxpayer's ability to pay

Back 52

Theoretical justice

Front 53

The tax principle that mean that there should be capable and effective administration to encourage compliance

Back 53

Administrative Feasibility