UST GOLDEN NOTES 2011

GENERAL PRINCIPLES NATIONAL INTERNAL REVENUE CODE

Ad Valorem Tax 36 Ability To Pay 125

Administrative Feasibility 5 Actual Distraint 215
Benefits-Protection Theory 6 Allowable Deductions 79
Capitalization 11 Assessment 190
Characteristics 4 Automatic Zero-Rated Transaction 160
Compensation 12 Benefits-Protection Theory 125
Compromise 13 Calendar Year Period 39
Constitutional Limitations 22 Capital Asset 53
Direct Tax 36 Capital Gain 54
Doctrine Of Equitable Recoupment 13 Capital 46
Doctrine Of Imprescriptibility 7 Civil Actions 207, 225
Doctrine Of Mobilia Sequuntur Personam 19 Claim Of Right Doctrine 47
Doctrine Of Prospectivity 7 Collection 206
Double Taxation 7 Compensation Income 51
Due Process Clause 30 Compromise Penalty 222
Equal Protection Of The Law 30 Compromise 220
Equality 22 Constructive Distraint 216
Equity 22 Corporation 41
Excise / Privilege Tax 36 Creditable Withholding Tax 118
Fiscal Adequacy 5 Criminal Actions 208, 227
Flexible Tariff Clause 29 De Minimis Benefits 105
General/Fiscal Or Revenue 36 Deductions From Gross Income 79
Gross Taxation 36 Deficiency Tax 193
Impact Of Taxation 10 Delinquency Tax 193
Incidence Of Taxation 10 Distraint 215
Indirect Tax 36 Donation 144
Inherent Limitations 15 Donations Inter Vivos 124
International Comity 20 Donations Mortis Causa 124
Lifeblood Theory 6 Donor’s Tax 144
Local Or Municipal Tax 36 Economic-Benefit Principle 47
National Tax 36 Effectively Zero-Rated Transaction 160
Net Taxation 36 Estate Tax 124
Payment 33 Estate 43
Personal/Poll Or Capitation Tax 36 Final Withholding Tax 118
Principle Of Equality 31 Fiscal Year Period 39
Progressive Tax 36 Flow Of Wealth Test 47
Property Tax 36 Forfeiture 219
Proportional 36 Formal Letter Of Demand 201
Refund 33 Fringe Benefit 102
Regressive Tax 36 Fringe Benefit 52
Situs Of Taxation 18 General Professional Partnership 43
Special / Regulatory Or Sumptuary 36 Global System Of Taxation 37
Specific 36 Government Remedies 214
Strict Construction Rule 14 Gross Estate 126
Tax Administration 33 Gross Gifts 147
Tax Amnesty 13 Gross Income Taxation 49
Tax Avoidance 10 Gross Income 49
Tax Evasion 10 Income Tax 37
Tax Exemptions 11 Income Tax 45
Tax Legislation 33 Income 46
Taxation 1 Individual Taxpayers 39
Taxes 34 Inheritance Tax 124
Theoretical Justice 5 Jeopardy Assessment 193
Transformation 11 Judicial Remedies 225
Uniformity 22 Large Taxpayer 234
Levy 217

340 TAXATION TEAM:

ADVISER: ATTY. PRUDENCE ANGELITA A. KASALA; SUBJECT HEAD: RODOLFO N. ANG, JR.
ASST. SUBJECT HEADS: EDISON U. ORTIZ & VANESSA ROSE S. HERNANDEZ;
MEMBERS: JOSE DUKE BAGULAYA, CHARLES L. GRANTOZA, CHRISTINE L. GUTIERREZ, CLARABEL ANNE R. LACSINA, DIVINE C. TEE, KEITH S. VALCOS
 INDEX

Minimum Corporate Income Tax 107 TARIFF AND CUSTOMS CODE OF 1978, AS
Net Capital Loss Carry Over 60 AMENDED
Net Effect Test 47
Net Gift 148 Abandonment 320
Net Income Taxation 50 Abatement 319
Net Income 50 Appeal 320
Net Operating Loss Carry Over 60 Bureau Of Customs 290
Optional Standard Deduction 94 Comparison Of Special Duties 300
Ordinary Asset 53 Consumption Entry 305
Ordinary Gain 54 Customs Duties 289, 298
Passive Income 62 Customs Protest 309
Personal Exemptions 95 Customs Seizure 310
Pre-Assessment Notice 200 Customs Valuation 303
Principle Of Constructive Receipt Of Income 47 Doctrine Of Hot Pursuit 312
Privilege Theory/State-Partnership Theory 125 Duty Drawback 319
Realization Test 47 Fine 319
Reasonable Private Benefit Plan 74 Flexible Tariff Clause 289
Redistribution Of Wealth 125 Fraudulent Practices 316
Royalties 66 Import Entry 305
Schedular System Of Income Taxation 37 Liquidation 308
Severance Test 47 Remedies Of The Government 317
State Partnership Theory 46 Remedies Of The Taxpayer 318
Tax Administration 231 Safeguard Measures 302
Tax Benefit Rule 87 Smuggling 310
Tax Credit Method 155 Tariff 289
Tax Lien 220 Tariff Commission 291
Tax Refund 208 Tax Lien 317
Tax Return 121
Tax Return 180 JUDICIAL REMEDIES; COURT OF TAX APPEALS
Taxpayer’s Remedies 190
Transfer Taxes 123 Citizens Suit 336
Trust 43 Civil Cases 328
Value-Added Tax 153 Court Of Tax Appeals 324
VAT-Exempt Transactions 166 Criminal Cases 334
Withholding Agent 119 Doctrine Of Ripeness For Review 337
Withholding Tax System 118 Double Nexus Test 337
Judicial Procedures 328
Jurisdiction 325
LOCAL GOVERNMENT CODE OF 1991, AS AMENDED Mode Of Appeal 339
Motion For New Trial 330
Business Tax 54 Motion For Reconsideration 330
Distraint 260 Taking Of Evidence 330
Income Tax 254 Taxpayer’s Suit 336
Levy 261 Transcendental Importance 337
Limitations On The Taxing Powers 253
Local Tax Ordinance 240
Local Taxation 236
Local Taxes 236
Local Taxing Authority 240
Protest Of Assessment 258
Real Property Tax 265
Residual Taxing Power 240
Taxing Power Of A Barangay 251
Taxing Power Of A City 246
Taxing Power Of A Municipality 246
Taxing Power Of A Province 243

341
ACADEMICS CHAIR: LESTER JAY ALAN E. FLORES II UNIVERSITY OF SANTO TOMAS
VICE CHAIRS FOR ACADEMICS: KAREN JOY G. SABUGO & JOHN HENRY C. MENDOZA
VICE CHAIR FOR ADMINISTRATION AND FINANCE: JEANELLE C. LEE Facultad de Derecho Civil
VICE CHAIRS FOR LAY-OUT AND DESIGN: EARL LOUIE M. MASACAYAN & THEENA C. MARTINEZ