enforced proportional contributions, generally payable in money, levied by the lawmaking body of the State by virtue of its sovereignty upon the persons, properties, acts, and transactions within its jurisdiction for the support of the government and all public needs.

(a)  

any inflow of wealth to the taxpayer from whateve source, legal or illegal that increases net worth.

(a)  

generally payable in money, levied by the lawmaking body of the State by virtue of its sovereignty upon the _____, _______, ____, and ______ within its jurisdiction for the support of the government and all public needs.

(a)  

It includes income from employment, trade, business or exercise of profession, income from properties, and other sources such as dealings in properties and other regular or casual transactions.

(a)  

Taxes are _____ and _______ to the continued subsistence of the government. Without taxes, the government would be paralyzed for lack of motive power to activate or operate it.

(a)  

Taxes are the (a)   of the government, and their prompt and certain availability are an imperious need. Upon taxation depends the government's ability to serve the people for whose benefit taxes are collected.

what are the 3 inherent powers of the state

(a)  

power of the State to enforce proportional contributions from its subjects to sustain itself.

(a)  

power of the State to enact laws to protect the well-being of the people.

(a)  

power of the State to take private property for public use after paying just compensation.

(a)  

2 aspect of taxation

(a)  

SCOPE OF LEGISLATIVE POWER OF TAXATION

what are the 2 limitations of taxation power?

(a)  

give 5 inherent limitations

give 5 constitutional limitations

The State which has jurisdiction or which exercises dominion over the subject may rightfully levy and collect tax upon such subject.

(a)  

situs of taxation is also known as?

(a)  

give 5 situs of taxation

are subject to tax in the place where the business is conducted.

(a)  

are taxed where they are rendered.

(a)  

is subject to tax in the place of sale.

(a)  

are taxable in their location.

(a)  

are taxable in their place of residence.

(a)  

Occurs when the same taxpayer is taxed twice by the same tax jurisdiction for the same thing

(a)  

Occurs when all the elements of double taxation exists for both impositions.

(a)  

Occurs when at least one of the secondary elements of double taxation is not common for both impositions.

(a)  

Means available to the taxpayer to limit or avoid the impact of taxation.

(a)  

Act that tends to illegally reduce or avoid the payment of tax.

(a)  

Act that reduces or totally escapes taxes by any legally permissible means.

(a)  

Any person who willfully attempts in any manner to evade or defeat any tax imposed under this Code or the payment thereof shall, in addition to other penalties provided by law, upon conviction thereof, be punished by a fine of not less than Thirty thousand pesos (P30,000) but not more than One hundred thousand pesos (P100,000) and suffer imprisonment of not less than two (2) years but not more than four (4) years: Provided, That the conviction or acquittal obtained under this Section shall not be a bar to the filing of a civil suit for the collection of taxes.

Absolute forgiveness or waiver by the government on its right to collect.

(a)  

Forgiveness of tax obligation of certain taxpayers under certain justifiable grounds.

(a)  

Retrospective in application.

(a)  

Prospective in application.

(a)