Tax General Principles

The aspects of taxation are

• Legislative in Character

• Executive in Character

• Shared by the legilative and executive department

• Judicial in Character

The tax imposed should be proportionate to the taxpayer's ability to pay

• Fiscal Adequacy

• Equality or theoretical justice

• Administrative feasibility

• Economic consistency

Which is not an essential characteristic of a tax?

• It is unlimited as to amount

• It is payable in money

• It is proportionate in character

• It is an enforced contribution

It is the privilege of not being imposed a financial obligation to which other are subject

• Tax incentive

• Tax exemption

• Tax amnesty

• Tax credit

The use of illegal or frauulent means to avoid or defeat the payment of tax

• Shifting

• Exemption

• Avoidance

• Evasion

In case of conflict between the Tax Code and the Philippine Accounting Standards (PAS)

• PAS shall prevail over the Tax Code

• Tax Code shall prevail over the PAS

• PAS and Tax Code shall be both disregarded

• The taxpayer may choose between the PAS and the Tax Code

Tax imposed upon the performance of an act, the enjoyment of privilege or the engaging in an occupation

• Personal Tax

• Property Tax

• Excise Tax

• Progressive Tax

Tax which is demanded from one person in the expectation and intention that he shall indemnify himself at the expense of another

• Direct

• Indirect

• Property

• Income

Tax where the rate increases as the tax base increases

• Proportional

• Progressive

• Regressive

• Indirect

The stongest of all inherent powers of the State because without it, the government can neither surive nor dispense any of its other powers and functions effectively

• Police Power

• Power of Eminent Domain

• Power of Taxation

• People Power