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WorksheetsTaxation - Introduction to Tax
Total questions: 15
Worksheet time: 4mins
Statement 1: Imposition of taxes is a legislative act.
Statement 2: Collection of taxes is an administrative act.
Only the first statement is correct.
Only the second statement is correct.
Both statements are correct.
Both statements are incorrect.
Statement 1: A person cannot be imprisoned for non-payment of property tax.
Statement 2: A law may be passed violating uniformity of taxation.
Only the first statement is correct.
Only the second statement is correct.
Both statements are correct.
Both statements are incorrect.
Statement 1: Territoriality is one of the constitutional limitations on the power of taxation.
Statement 2: International comity is an inherent limitation in taxation.
Only the first statement is correct.
Only the second statement is correct.
Both statements are correct.
Both statements are incorrect.
Statement 1: Tax avoidance is a form of tax escape.
Statement 2: Tax evasion is not punishable.
Only the first statement is correct.
Only the second statement is correct.
Both statements are correct.
Both statements are incorrect.
Also known as tax administration
Collection of taxes
Levying of taxes
Payment of taxes
Incidence of taxation
In the absence of inherent and constitutional limitation, the power to tax is:
Comprehensive
Unlimited
Both a and c
Regulatory
It refers to a fraudulent act of minimizing taxes:
Tax avoidance
Tax evasion
Tax minimization
Multiple taxation
One of the following is NOT an inherent limitation:
Taxes must be for public purpose
Equality in taxation
Territoriality rule
Rule on double taxation
All of the following is territoriality doctrine except one:
Residence of the taxpayer
Source of the income
Situs of the thing or property taxed
International organizations
A form of tax escape by a manufacturer or producer who improves his proceeds of production thereby minimizing his unit production cost:
Tax avoidance
Capitalization
Transformation
Shifting
A form of tax escape through which one is given tax immunity wherein others are subjected to tax:
Shifting
Tax exemption
Tax immunity
Tax avoidance
A waiver by the government’s right to collect tax:
Tax exemption
Tax amnesty
Tax avoidance
Tax evasion
Which of the following is not a scheme of shifting the incidence of taxation?
The manufacturer transfer the tax to the consumer by adding the tax to the selling price of the goods sold.
The tax forms part of the purchase price.
The manufacturer transfer the sales tax to the distributor, then in turn to the wholesaler, in turn to the retailer and finally to the customer.
Changing the terms of the sale like FOB shipping point in the Philippines to FOB destination abroad, so that the title passes abroad instead of in the Philippines.
Aspects of taxation, except?
Levying of tax
Administration of tax
Collection of tax
Interpretation of tax
Which of the following is not an element of double taxation?
Two taxes
Same subject matter
Same year
Same amount
