Went through the Gruba samplexes in the BOC Drive and took a few notes.

Personal comments: Her style is similar to the exams we had last Sunday. Daming tanong pero some one-
sentence answers garnered full points. An instruction in one of the exams was: "Always briefly but fully
explain your answer although the question does not expressly ask for an explanation."

Define:

Income tests in syllabus

BIR Rulings, RMC/RMOs

Best evidence obtainable rule

IAET (note that prescriptive period for assessment does not apply)

NOLCO

Letter of Authority

transitional input tax

CTA jurisdiction (division, en banc)

Distinguish:

indirect v. withholding taxes

final v. creditable withholding tax

avoidance v. evasion

amnesty v. exemption, condonation

fringe benefits v. de minimis

statutory construction rules (start with “when a tax law is clear” before interpretation rules)

ordinary v. capital asset (nature, tax consequence)

PAN v. FAN
Enumerate:

Inherent limitations - public purpose, int’l comity, gov’t exemption, non-delegation, territoriality
(expound when asked)

Constitutional limitations - due process, equal protection, religious freedom, non-impairment, just
compensation for taking of private property (?)

Functions of BIR

Powers and authorities of CIR

Power to make assessments and prescriptions

Phases of taxation (levy, assessment and collection, payment)

requirements in the zonal valuation of real property

requisites for deductibility

requisites for tax-free exchanges (sec. 40(C)(2))

requisites to avail of CGT exemption for principal residence

requisites to claim input VAT

instances where running of prescription is suspended

Principles of RPT

Exemptions from RPT

Special levies (special education fund, idle lands, special assessment)

Kinds of local taxes a province and municipality may impose (enumerate 5)

sharing of LGUs - ex. province (35%), municipality (40%), barangay (25%)

requisites of a valid waiver (cf. Next Mobile for estoppel/pari delicto)

Check the ff. concepts:

REMEDIES AHAHAHA ANDAMI GUYS KALOKA

Presumptive gross receipts

Doctrine of Wilful Blindness - a person, given his experiences in his business or industry, commits an act
or omission tantamount to gross negligence in attending to his or her tax obligations (idk the application
lol anyway wala siya sa syllabus)

Accounting periods, when changeable

Unregistered partnership

Jeopardy assessment

Payment under protest req. in RPT, exception is when what is protested is the validity of the asssessment