TAXATION

The sources of revenue taken as a whole should be sufficient to meet the expanding expenditures of the government regardless of business conditions, export, taxes, trade balances, and problems of economic adjustment, this cannon of a sound tax system referred to as:

• Fiscal Adequacy

• Theoretical Justice

• Administrative Feasibility

• Siombiotic Relationship

Which of the following is not among the inherent limitations of the power to tax?

• The tax revenues must only be used for public purpose.

•  There should be proper delegation of legislative power to tax.

• There are territorial jurisdictions.

• Equal protection of the law

In  2015,   Mr.Canes,   a   Filipino  and   permanent   resident   of   Oslo, Norway,   purchased   a   two-bedroom  condominium unit at Rockwell, Makati City for the  use of his  family members. The purchase price  came from his earnings in Norway. In 2017, he decided to sell the unit to Mr. Hockey, a permanent  resident of London. The contract was entered into in Oslo, and was paid for in Euros. Mr. Hicks  intended  to use the proceeds to purchase a coffee shop in Boracay. For purposes of Philippine Taxation, the sale of the condominium unit shall:

• Not be subject to tax because the transaction was between parties who are not Philippine residents.

• Be taxable because the condominium is a real property located within Philippine territory.

• Not subject to tax because the transaction was consummated outside the Philippine territory and paid in foreign currency.

This was a general tax during Spanish Period paid by the Filipinos to Spain which amounted to eight reales and paid by 18 to 50 years old males.

• Sanctorum

• Tributo

• Donativo de Zamboanga

• Donativo de Zamboanga

This was a tax during Spanish Period paid by the Filipinos to Spain in the amount of 3 reales. These were required for the cost of Christianization, including the construction of the churches and the purchase of materials for religious celebrations.

• Sanctorum

• Tributo

• Donativo de Zamboanga

• Caja de comunidad

Statement A.  Abolition of the hated Tribute and its replacement of Cedula Tax was under the Tax Reform of 1886.

Statement B. Reduction of the 40-day annual forced labor (polo) to 15 days was under Tax Reform of 1884.

• Statement A is true and Statement B is false

• Statement B is true and Statement A is false

• Both statements are true

• Both statements are false

Under what period when Cedula taxes were actually abolished and later a residence tax was imposed.

• Spanish Period

• Commonwealth Period

• American Period

• Japanese Period

   

Ms. Bartolome resides in Cavite and has a beauty salon in Taguig. She, therefore, must pay her business tax in?

• Cavite

• Anywhere in the Philippines

• Taguig

• Any place as long as near Cavite

It refers to a tax levied to an individual for a general public purpose. Almost all taxes are an example of this classification.

• Special Tax

• General Tax

• Ad Valorem Tax

• Specific Tax

It refers to the use by the taxpayer of illegal means in escaping, defeating or lessening the tax due. This is also known as “tax dodging”, this implies malice, fraud, or bad faith on the part of taxpayer.

• Shifting

• Capitalization

• Tax Avoidance

• Tax Evasion