Philippine Taxation and Constitution Quiz

What is the supreme law of the Philippines?

• Bill of Rights

• Constitution

• Civil Code

• Presidential Decree

What is the main purpose of the Constitution?

• To define taxes

• To protect the rights of the people and organize the government

• To make money for the government

• To create new businesses

The power to tax belongs primarily to which branch of government?

• Executive

• Judicial

• Legislative

• Department of Finance

What is the main purpose of taxes?

• To increase prices

• To raise funds for government projects and services

• To punish citizens

• To help private companies

Which of the following is a direct tax?

• Value Added Tax (VAT)

• Income Tax

• Customs Duties

• Excise Tax

What does VAT stand for?

• Value Added Trade

• Value Added Tax

• Verified Annual Tax

• Variable Additional Tax

What year was the Value-Added Tax (VAT) introduced in the Philippines?

• 1973

• 1986

• 1988

• 1997

Who introduced the VAT system in the Philippines?

• Ferdinand Marcos

• Corazon Aquino

• Gloria Macapagal-Arroyo

• Rodrigo Duterte

What kind of tax is placed on goods like alcohol and cigarettes?

• Luxury Tax

• Excise Tax

• Business Tax

• Income Tax

What is the supreme law of the Philippines?

• Civil Code

• 1987 Constitution

• Bill of Rights

• Executive Order