MARK DAVID B.

SABELLA

1. Discribe the nature of philippines tax laws

Ans: Taxes help the government fund their projects for economic development. It's also the lifeblood of
outstanding government employees, like teachers. Contributing your share of the pie greatly helps in
the development of the Philippines as a whole.

2. Enumerate and explain the sources of philippines tax laws.

Ans : The basic sources of tax law in the Philippine's are the nation's constitution, the National Internal
Revenue Code, administrative issuance, and local laws .The National Internal Revenue Law, which
codifies all tax provisions and is codified in Republic Act No. 8424 ("The Tax Reform Act of 1997"), is the
primary source of Philippine tax law. It was enacted on December 11, 1997, and it altered earlier
national internal revenue codes.
MARY ANN P. SALVADOR BSBA MM-3

1. Discribe the nature of philippines tax laws

Ans: the nature of philippines tax law is Taxes assist the government in funding economic development
projects. Outstanding government personnel, such as teachers, rely on it as well. Contributing your fair
share to the growth of the Philippines as a whole is extremely beneficial.

2.Enumerate and explain the sources of philippines tax laws.

Ans : The basic sources of tax law in the Philippine's The nation's constitution, the National Internal
Revenue Code, administrative issuance, and local laws are the basic sources of tax law in the Philippines.
The National Internal Revenue Code, which codifies all tax provisions and is codified in Republic Act No.
8424 ("The Tax Reform Act of 1997"), is the primary source of Philippine tax law. It was signed into law
on December 11, 1997, and it replaced previous national internal revenue codes.