PRINCIPLE OF TAXATION

(A) Those who benefit more from the government services should be the ones to pay for them.

(B) People should pay taxes in proportion to the amount of services or benefits they received.

(a)  

PRINCIPLE OF TAXATION

People should be taxed according to their ability to pay, no matter what benefits or services they receive.

(a)  

Imposes the same percentage rate of taxation on everyone regrardless of his or her income.

(a)  

Imposes a higher percentage rate of taxation on persons with high income than those with low income.

(a)  

Imposes a higher percentage rate of taxation on low-income individuals than those who have higher income.

(a)  

Is considered as a hard form of tax for it is imposed to persons who are expected to pay tax. It is not transferable and a good example of income tax.

(a)  

Imposed on the value of the products and services,

Which are shouldered by the end users.

(a)  

Is levied on specific occupations that are lawfully pursued

eg. doctors, lawyers

(a)  

Is imposed on persons with real properties whether acquired, inherited, or donated based on their market value.

(a)  

Imposed on all products produced and sold in the country. The examples are sales tax on liquors, cigarettes, and electronic equipment.

(a)  

Imposed in buying and using products to control their price.

(a)  

Imposed on the value of the products and services consumed by the individuals.

(a)  

Imposed on imported products

(a)  

Is also known as Cedula

(a)  

The amount varies from the income received annually by the taxpayers.

(a)  

Levied on all citizens and companies that have an income.

(a)