> >> 19-20. 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 Philippines does not have a general anti-avoidance clause within its tax code. a paper read before the dublin statistical society: 18th november, 1850. by w. neilson hancock, lld. Existence of income ii. �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���� 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. A. When income is taxable i. \��b`�0y�9�[email protected]�i�����l���+լq��mӐ�(j1ş �*��0���L\eI�G^Җ*[W$J_)M�6������H��P�uP��MD��.Գ� General principles of taxation 1. Three basic principles of a sound tax system . INCOME TAX REVIEWER AND CASE DIGESTS PAGE- 1 – MA. 4�.0,` �3p� ��H�[email protected]�A>� It means that the tax burden should be proportionate to the taxpayer’s ability to pay. ANGELA LEONOR C. AGUINALDO ATENEO LAW 2010 CHAPTER 1 GENERAL PRINCIPLES FEATURES OF PHILIPPINE INCOME TAXATION TAX SITUS Literally means the place of taxation, or the country that has ATENEO LAW 2010 CHAPTER 1 GENERAL PRINCIPLES FEATURES OF PHILIPPINE INCOME TAXATION TAX … << /Length 11 0 R /N 3 /Alternate /DeviceRGB /Filter /FlateDecode >> E�6��S��2����)2�12� ��"�įl���+�ɘ�&�Y��4���Pޚ%ᣌ�\�%�g�|e�TI� ��(����L 0�_��&�l�2E�� ��9�r��9h� x�g��Ib�טi���f��S�b1+��M�xL����0��o�E%Ym�h�����Y��h����~S�=�z�U�&�ϞA��Y�l�/� �$Z����U �[email protected]��O� � �ޜ��l^���'���ls�k.+�7���oʿ�9�����V;�?�#I3eE妧�KD����d�����9i���,�����UQ� ��h��6'~�khu_ }�9P�I�o= C#$n?z}�[1 GENERAL PRINCIPLES OF TAXATION FUNDAMENTAL PRINCIPLES IN TAXATION. Types of Philippine income taxes c. Taxable period d. Kinds of taxpayers 2. GENERAL PRINCIPLES OF TAXATION FUNDAMENTAL PRINCIPLES IN TAXATION. L݇sʦ¨Æýf\8!ÀÒInrb´‘urO¾Î¯ùʜGזÔL|xsw«è7‹ÞðVŒ1(Äáù3ìæ܅–Žéþ[Ê:]n˜Â˜•fà j Ό'ÙäúCÇÊßh49\bp÷ô¦[email protected]Á ¿—ÐxÍpOï°§àÅ&vh{A€»¹èÁÀŠ‰. • Identify the theory and basis of taxation. THE POWER TO PROTECT CITIZENS AND PROVIDE SAFETY AND WELFARE OF SOCIETY. A citizen of the Philippines residing therein is taxable on all income derived from … Ferdinand Pauig. C. Operates upon the whole citizenry. (A) the religious dignitary is assigned to the Philippine Army (B) it is paid by a local government unit (C) the payment is passed in audit by the COA 1US 4 Wheat 316, 31 r I/Ed. The new Duterte administration is planning to undertake a reform of the country’s tax system. Under Section 23 of the National Internal Revenue Code of the Philippines (NIRC), as amended, the general principles of income taxation concerning individuals are as follows: 1.) Double taxation means (1) taxing twice (2) by the same taxing authority (3) with the same jurisdiction (4)for the same purpose (5) in the same year. It is intended for guidance only and as such should not be regarded as a ��.3\����r���Ϯ�_�Yq*���©�L��_�w�ד������+��]�e�������D��]�cI�II�OA��u�_�䩔���)3�ѩ�i�����B%a��+]3='�/�4�0C��i��U�@ёL(sYf����L�H�$�%�Y�j��gGe��Q�����n�����~5f5wug�v����5�k��֮\۹Nw]������m mH���Fˍe�n���Q�Q��`h����B�BQ�-�[l�ll��f��jۗ"^��b���O%ܒ��Y}W�����������w�vw����X�bY^�Ю�]�����W�Va[q`i�d��2���J�jGէ������{�����׿�m���>���Pk�Am�a�����꺿g_D�H��G�G��u�;��7�7�6�Ʊ�q�o���C{��P3���8!9������-?��|������gKϑ���9�w~�Bƅ��:Wt>���ҝ����ˁ��^�r�۽��U��g�9];}�}��������_�~i��m��p���㭎�}��]�/���}������.�{�^�=�}����^?�z8�h�c��' Fairness, in that taxation should be compatible with taxpayers’ conditions, including their ability to pay in line with personal and family needs. 2Dimaampao, Tax Principles and Remedies, 2008 ed., pp. A citizen of the Philippines residing therein is taxable on all income derived from sources within and without the Philippines; 3 Benjamin B. Aban, Law of Basic Taxation in the Philippines (Revised Ed. GENERAL PRINCIPLES OF TAXATION I. TAXATION LAW POWER OF TAXATION Taxation is an inherent of power of 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. [ /ICCBased 10 0 R ] 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 … This paper. •POLICE POWER. Primary Purpose (Revenue/Fiscal) - to raise revenues for the support of the government. Downloadable! 10 0 obj TAX AVOIDANCE VS. TAX EVASION. 01 General Principles of Taxation. 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. 5 0 obj Property is taken to promote the general welfare. Explain. 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. (2.5%) [b] Explain the concept of double taxation. Constitution: Article VI, Section 28 of the Constitution states that "the rule of taxation shall be uniform and equitable" and that "Congress shall evolve a progressive system of taxation". 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. In this article we will discuss about the principles of taxation. This was the informative speech on the basic taxation principles in the Philippines. READ PAPER. 13 0 obj ), p. 2, citing 1 Cooley 63. 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. READ PAPER. %PDF-1.3 Objectives At the end of this lecture, the students shall be able to: • Define taxation. B. endstream ��'��R��V��Nr�q���1�QU�P�36ü��h��7�L�=ˑ��O���7� 11 0 obj . It means that the sources of revenue should be sufficient to meet the demands of public expenditures. ١~b�!�g�c;��8��ׄh�r��! endobj Realization and recognition of income ˯�Fݏ�/U%�͢���n*_�G�}u�h����5��V��/X)=�,���A��_)�E�wm?�q�U��� N�a���2���X�3�ȟ�$e \�Kx?��(��&[���'ߍ�.���~�D8EV4j`���Y��8o�L�j��ۣ�>O��kSy������|K������P��b!� << /Length 14 0 R /Filter /FlateDecode >> Taxation as distinguished from police power and power of eminent domain. **�a�"�1�O˶�ts?ۅ�PN�Z"�=�J0�u~{���&��P�-�_�x{�&w�� h�É���X�`� �b?iX�z��I��MR�!��8�Ȭ�ƈ\A{x�C�8nׂ$�5�k "]�86\l��=�7��&���5�R��� Bq�a[�\eT�(�t�[�6��,� G�@��PbU����3���+Uw�b��`F�N��H}��z�J��)Ϗ'�:-���zCI8L�5� ��K0ށi���A����B�ZyCAP8�C���@��&�*���CP=�#t�]���� 4�}���a � ��ٰ;G���Dx����J�>���� ,�_“@��FX�DB�X$!k�"��E�����H�q���a���Y��bVa�bJ0՘c�VL�6f3����bձ�X'�?v 6��-�V`�`[����a�;���p~�\2n5��׌���� �&�x�*���s�b|!� These principles are still considered to be the starting point of sound public finance. 8424 or the Tax Reform … General Principles of Taxation. 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It means that the sources of revenue should be sufficient to meet the demands of public expenditures. ١~b�!�g�c;��8��ׄh�r��! endobj Realization and recognition of income ˯�Fݏ�/U%�͢���n*_�G�}u�h����5��V��/X)=�,���A��_)�E�wm?�q�U��� N�a���2���X�3�ȟ�$e \�Kx?��(��&[���'ߍ�.���~�D8EV4j`���Y��8o�L�j��ۣ�>O��kSy������|K������P��b!� << /Length 14 0 R /Filter /FlateDecode >> Taxation as distinguished from police power and power of eminent domain. **�a�"�1�O˶�ts?ۅ�PN�Z"�=�J0�u~{���&��P�-�_�x{�&w�� h�É���X�`� �b?iX�z��I��MR�!��8�Ȭ�ƈ\A{x�C�8nׂ$�5�k "]�86\l��=�7��&���5�R��� Bq�a[�\eT�(�t�[�6��,� G�@��PbU����3���+Uw�b��`F�N��H}��z�J��)Ϗ'�:-���zCI8L�5� ��K0ށi���A����B�ZyCAP8�C���@��&�*���CP=�#t�]���� 4�}���a � ��ٰ;G���Dx����J�>���� ,�_“@��FX�DB�X$!k�"��E�����H�q���a���Y��bVa�bJ0՘c�VL�6f3����bձ�X'�?v 6��-�V`�`[����a�;���p~�\2n5��׌���� �&�x�*���s�b|!� These principles are still considered to be the starting point of sound public finance. 8424 or the Tax Reform … General Principles of Taxation. 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