TAX FINALS

issuances by the Secretary of Finance

• Revenue Regulations (RRs)

• Revenue Memorandum Order (RMOs)

• Revenue Memorandum Circulars (RMCs)

• Revenue Delegation Authority Order (RDAOs)

• issuances that provide directives or instructions; prescribe guidelines; and outline processes, operations, activities, workflows, methods and procedures

• Revenue Regulations (RRs)

• Revenue Memorandum Order (RMOs)

• Revenue Memorandum Circulars (RMCs)

• Revenue Delegation Authority Order (RDAOs)

• issuances that publish pertinent and applicable portions

• Revenue Regulations (RRs)

• Revenue Memorandum Order (RMOs)

• Revenue Memorandum Circulars (RMCs)

• Revenue Delegation Authority Order (RDAOs)

• issuances that cover subject matters dealing strictly with the permanent administrative set-up of the Bureau

• Revenue Regulations (RRs)

• Revenue Memorandum Order (RMOs)

• Revenue Memorandum Circulars (RMCs)

• Revenue Delegation Authority Order (RDAOs)

• Department of Finance (DOF) — Department of Budget and Management

• Bureau of Internal Revenue (BIR)

• 1. Bureau of Customs (BOC)

• both

• Income Tax

• Donor's Tax, Estate Tax

• Compensation Income,  Business Income, Capital Gains

• Value-Added Tax, Other Percentage Tax, Excise Tax

• Transfer Taxes (property for free)

• Donor's Tax, Estate Tax

• Compensation Income,  Business Income, Capital Gains

• Value-Added Tax, Other Percentage Tax, Excise Tax

• Business Tax

• Donor's Tax, Estate Tax

• Compensation Income,  Business Income, Capital Gains

• Value-Added Tax, Other Percentage Tax, Excise Tax

• Fiscal Adequacy

• 1. ability to pay

• 1. tax must be clear to the taxpayer

• 1. sources of revenues must provide enough funds

• Equity or Theoretical Justice

• 1. ability to pay

• 1. tax must be clear to the taxpayer

• 1. sources of revenues must provide enough funds