This kind of tax is imposed primarily for the regulation of useful or non-useful

occupations or enterprises and secondarily only for the purpose of raising public
funds. *
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Fiscal tax
Regulatory tax
 
Sumptuary tax
All of the above

These are official positions of the Bureau to queries raised by taxpayers and other
stakeholders relative to clarification and interpretation of tax laws. *
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Revenue regulations
Revenue memorandum rulings
BIR rulings
 
Revenue memorandum circulars

One of the characteristics of our internal revenue laws is that they are: *
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Political in nature;
Penal in nature;
Generally prospective in operation although the tax statute may nevertheless operate
retrospectively provided it is clearly the legislative intent;
 
Answer not given.

Which of the following is not an example of excise tax? *

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Transfer tax
Sales tax
Real property tax
 
Income tax

In case of conflict between the tax laws and generally accepted accounting principles
(GAAP)- *
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both Tax Laws and GAAP shall be enforced.
GAAP shall prevail over Tax Law.
Tax Laws shall prevail over GAAP.
 
the issue shall be resolved by the court.