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    6 views3 pages

    Chapter 1-General Principles of Taxation

    Uploaded by

    Keysi02
    taxx

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    of 3
    INCOME TAXATION 6* Edition (BY: VALENCIA & ROXAS) L ‘SUGGESTED ANSWERS Chapter: Canara Principles “hd Concepts of raion CHAPTER1 GENERAL PRINCIPLES AND CONCEPTS OF TAXATION Problem 1 - 1 TRUE OR FALSE 10. a 2 ie a4 15 False - This descrines taxation as a means. True True True Folee - Not every government unk can exercise the powerof taxation, Its exclusively legislative in nature True False - Taxation is an inherent power. The constitution only limits the power to tax. True False - The benefits from taxation may or may nat be experienced by the taxpayer. The justification to collect tax government's survival under the "lfe-blood” theory, False - Not all government's funds come from taxes True True False - Government agencies engaged in proprietary functions are subject tax unless stated otherwise, True False ~ Each local government shall have the power to create its awn sources of revenues and to levy taxes, Problem 1 - 2 TRUE OR FALSE 10. 1. 22 13 14 as False - Equity does not necessarily collection of equal amounts from each taxpayer. False — Tax atsesement is part of administrative function of principal government unit ‘concerned, False ~ Delegated tax power ta the President involves only administrative discretion, False -These powers could not be effectively performed without revenue. Revenue is fabed through taxation, True True False - Penalty in the Form of fines is imposition af amount by the police power. True False - Tax exemption is granted to government entities with governmental function Unless stated otherwee False - This describes the levying aspect of taxation. False Just compensation clause & @ Constitutional restriction on exercise of Eminent Domain only True Thue True True Problem 1 - 3 TRUE OR FALSE INCOME TAXATION 6” Edition (BY: VALENCIA & ROXAS) 2 SUGGESTED ANSWERS ms dtneintca 10, LL 2 Fe 14 Tre Tre Tre Tre Fae - Ne direct double taxation secause the carperaton hasseparste and distinct personality tom the steckhaldars Faise- For transer ‘ax purposes, nonresident allen is lable only for properties located ‘nthinehe Philippines False - No pubic funds shal be appropriated for religious purposes Fase ~All bils ever f approved ky the 2/3 ofthe congress should tll ke signed by the President to become lw Faise~ To grant tax-exemption, only majrty ofall the members ofthe congress i heeded, rot two-thirds Tre Fase - Taxes colected by the BIR are national taxes. Tre Frise -the tax evader breaks the fw Fase -Transers of real propety classified 2s capital asst is subject to captal gan tax (of %, The revenue anc asset must be used directly for educational purrores| Problem 1 - 4 TRUE OR FALSE Troe Fase - Interpretations made by the executive ofcers are net coreusive. Itcan be Jisfegatdad ay We Courts If faina evoneaus 3, Fase "Ex post facta lew” fs rot appicadle far ax purposes, Tre 5. Fase - Nonpayment of poll tax Troe 7. Fate - Doubts must be resolved in favoraf the taxpayer, 8) Tae 9. False Not applicable t totaly unrelated taxes, 0. Tre 11 False - Not tansfermble and not assignaate 12. False - Null and vaie, not binding and na effect as law. Tae 1S, Fase - Tax rulings are not final interpretations of tax laws. The court can change them: iffoural contrary to aw. Prob.i-S Prob. 1-6 Prob.1-7 Prob. 1-8 Prob.1-9 Prob. 1~ 10 Le Le LA Le Le np VALENGIA & ROXAS) INCOME TAXATION 6° Edition (BY: ‘SUGGESTED ANSWERS: Chapter 1: GanaralPenciies “hd Concepts of Taraton luoamaauas ouc

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