Income Tax

·         Issuances that publish pertinent and applicable portions as well as amplifications of laws, rules, regulations, and precedents issued by the BIR and other agencies/offices.

• Revenue Memorandum Circulars

• Revenue Bulletins

• Revenue Memorandum Rulings

• Revenue Memorandum Order

Rulings, opinions, and interpretations of the CIR with respect to the provision of the Tax Code and other tax laws as applied to a specific set of facts, with or without established precedents, and which the CIR may issue from time to time for the purpose of providing taxpayers guidance on the tax consequences in specific situations. BIR rulings Cannot contravene duly issued RMRs; otherwise, the rulings are null and void.

• Revenue Memorandum Circulars

• Revenue Bulletins

• Revenue Memorandum Rulings

• Revenue Memorandum Order

Issuances that provide directions or instructions; Prescribe guidelines; and outline processes, operations, activities, workflows, method, and procedures necessary in the implementation of stated policies, goals, objectives, plans, and programs of the Bureau in all areas of operations except auditing.

• Revenue Memorandum Circulars

• Revenue Bulletins

• Revenue Memorandum Rulings

• Revenue Memorandum Order

Issuances signed by the secretary of finance upon recommendation of the Commissioner of Internal Revenue that specify, prescribe, or define rules and regulations for the effective enforcement of the provisions of the National Internal Revenue Code and related statutes

• Revenue Memorandum Circulars

• Revenue Bulletins

• Revenue Regulations

• Revenue Memorandum Order

Formal pronouncements intended to clarify or explain the tax law and carry into effects its general provisions by providing details of administration and procedure

• Revenue Memorandum Circulars

• Revenue Bulletins

• Revenue Regulations

• Revenue Memorandum Order

·         Has the force and effect of law, but is not intended to expand or limit the application of the law; otherwise, void.

• Revenue Memorandum Circulars

• Revenue Bulletins

• Revenue Regulations

• Revenue Memorandum Order

·  ·         Official positions of the Bureau to queries raised by taxpayers and other stakeholders relative to clarification and interpretation of tax laws.

• Revenue Memorandum Circulars

• BIR Rulings

• Revenue Regulations

• Revenue Memorandum Order

The constitutional exemption of religious or charitable institutions refers only to

• Real property tax

• Income tax

• Both a and b

• Business tax

The agreement among nations to lessen tax burdens of their respective subjects

is

• Reciprocity

• International comity

• Territoriality

• tax minimization

An educational institution operated by a religious organization was being required

by a local government to pay real property tax. Is the assessment valid?

• Yes, with respect to all properties held by the educational institution

• Yes, with respect to properties not actually devoted to educational

  purposes

• No, with respect to any properties held by the educational institution

• No, with respect to properties not actually devoted to educational purposes.