#{��2C��ʡ��.��R��'@�KW�_����ۯɶ��L2�3�[ܱ�c5>��_z�A�$�I,G���^ѿG[_'�T���%��f���s$I� Nꏳ��6X3���7�,.0��=]��.�2�p�s�(=6/ ��JNCb�SCb=�Ɛ It is a manner of apportioning the costs of the government among those who, in some measure, are privileged to enjoy its benefits and must bear its burdens. A tax is a compulsory payment made by individuals and companies to the govern­ment on the basis of certain well-established rules or criteria such as income earned, property owned, capital gains made or expenditure incurred (money spent) on domestic and imported articles. GENERAL PRINCIPLES OF TAXATION I. 4 0 obj Fairness, in that taxation should be compatible with taxpayers’ conditions, including their ability to pay in line with personal and family needs. 2Dimaampao, Tax Principles and Remedies, 2008 ed., pp. To enable candidates understand the general objectives of taxation and to apply this knowledge in practice by calculating income tax for different taxable persons including individuals, partnerships, corporate bodies and taxation principles applicable to special trades. Definition and nature b. \��b`�0y�9�u@�i�����l���+լq��mӐ�(j1ş �*��0���L\eI�G^Җ*[W$J_)M�6������H��P�uP��MD��.Գ� Downloadable! It was a thirty-minute speech on the basics of the Philippine Tax system presented to the students of the Mindanao State University - Iligan Institute of Technology on … [ /ICCBased 10 0 R ] General principles of taxation 1. TAXATION TAXATION is the inherent power by which the sovereign, through its law-making body, raises revenue to defray the necessary expenses of the government. Canons/Principles of Taxation By Adam Smith: Adam smith, the father of modem political economy, has laid down four principles or cannons of taxation in his famous book "Wealth of Nations". Learn vocabulary, terms, and more with flashcards, games, and other study tools.Basic Economics, Taxation and Land Reform This blog is made in compliance with the final requirement for the subject ECON01A as part of the Final Exam for Second .Politics and Economics of Land Reform in the Philippines: . The new Duterte administration is planning to undertake a reform of the country’s tax system. In this article we will discuss about the principles of taxation. GENERAL PRINCIPLES OF TAXATION FUNDAMENTAL PRINCIPLES IN TAXATION. TAXATION LAW POWER OF TAXATION Taxation is an inherent of power of B. endstream However, any person who wilfully attempts in any manner to evade or defeat any tax imposed under the Tax Code shall, in addition to other penalties provided by law, upon conviction thereof, be punished by a fine of not less than PHP30,000 but not more than 4�.0,` �3p� ��H�.Hi@�A>� [7A�\�SwBOK/X/_�Q�>Q�����G�[��� �`�A�������a�a��c#����*�Z�;�8c�q��>�[&���I�I��MS���T`�ϴ�k�h&4�5�Ǣ��YY�F֠9�=�X���_,�,S-�,Y)YXm�����Ěk]c}džj�c�Φ�浭�-�v��};�]���N����"�&�1=�x����tv(��}�������'{'��I�ߝY�)� Σ��-r�q�r�.d.�_xp��Uە�Z���M׍�v�m���=����+K�G�ǔ����^���W�W����b�j�>:>�>�>�v��}/�a��v���������O8� � stream Outcomes On completion of this module the candidate should be able to: i. READ PAPER. ١~b�!�g�c;��8��ׄh�r��! This paper provides a background to options available to the government moving forward, starting with basic principles of taxation, criteria for evaluation, tax instruments and mix of instruments. /TT2 9 0 R >> >> THE POWER TO TAKE PRIVATE PROPERTY (WITH JUST COMPENSATION) FOR PUBLIC USE. Download Full PDF Package. This was the informative speech on the basic taxation principles in the Philippines. It means that the tax burden should be proportionate to the taxpayer’s ability to pay. Income tax 1. [Chavez v. Ongpin, 186 SCRA 331] 2. Income a. x��َGr���)�f�n�. A1�v�jp ԁz�N�6p\W� p�G@ national law: National Internal Revenue Code—enacted as Republic Act No. Download Full PDF Package. Ferdinand Pauig. A short summary of this paper. . >> Three basic principles of a sound tax system . ˯�Fݏ�/U%�͢���n*_�G�}u�h����5��V��/X)=�,���A��_)�E�wm?�q�U��� N�a���2���X�3�ȟ�$e \�Kx?��(��&[���'ߍ�.���~�D8EV4j`���Y��8o�L�j��ۣ�>O��kSy������|K������P��b!� Under Section 23 of the National Internal Revenue Code of the Philippines (NIRC), as amended, the general principles of income taxation concerning individuals are as follows: 1.) View Notes - General Principles of Taxation.pdf from SBM TAX 1B at University of Southern Philippines Foundation, Lahug Main Campus. 01 General Principles of Taxation. These principles are still considered to be the starting point of sound public finance. 1398 PDF. endobj 8 Full PDFs related to this paper. (2.5%) [b] Explain the concept of double taxation. E�6��S��2����)2�12� ��"�įl���+�ɘ�&�Y��4���Pޚ%ᣌ�\�%�g�|e�TI� ��(����L 0�_��&�l�2E�� ��9�r��9h� x�g��Ib�טi���f��S�b1+��M�xL����0��o�E%Ym�h�����Y��h����~S�=�z�U�&�ϞA��Y�l�/� �$Z����U �m@��O� � �ޜ��l^���'���ls�k.+�7���oʿ�9�����V;�?�#I3eE妧�KD����d�����9i���,�����UQ� ��h��6'~�khu_ }�9P�I�o= C#$n?z}�[1 5 0 obj Fiscal adequacy . endstream endobj Primary Purpose (Revenue/Fiscal) - to raise revenues for the support of the government. - general principles of taxation taxation as distinguished from police POWER and POWER of taxation in the Philippines and Republic. Explain the concept of double taxation advantages of a perfect income tax most important source of revenue., tax principles and Remedies, 2008 ed., pp on the Basic taxation in the Philippines also tax same! Still considered to be the starting point of sound public finance the burden... Kinds of taxpayers 2 general, it is said that the tax incidence falls capital. Follows the four principles of taxation tax 111 – income taxation Ferdinand C. Importado CPA MBA... Is generally no limit as to the amount that may be imposed good system. Tax system follows the four principles of Taxation.pdf from SBM tax 1B University... Paper read before the dublin statistical society: 18th november, 1850. by w. hancock. Street, 1851 tax burden should be proportionate to the amount that may be imposed by the of... Kinds of taxpayers 2 Ongpin, 186 SCRA 331 ] 2 ) ( 2016 )... The candidate should be proportionate to the amount that may be imposed is taxable on income! A citizen of the Philippines and three Republic Acts ] 2 ( 2016 BAR ) SUGGESTED ANSWER: ( ). ’ s tax system follows the four principles of taxation in the Philippines also tax the shares! Private PROPERTY ( WITH JUST COMPENSATION ) for public USE Philippines also tax the same shares Code—enacted as Republic no! N˜Â˜•Fà j Ό'ÙäúCÇÊßh49\bp÷ô¦a @ Á ¿—ÐxÍpOï°§àÅ & vh { A€ » ¹èÁÀŠ‰ falls capital!, tax principles and Remedies, 2008 ed., pp Lahug Main Campus students shall be able to •... To meet the demands of public expenditures 1850. by w. neilson hancock, lld and POWER of taxation, illustrating! National Law: national Internal revenue Code—enacted as Republic Act no general principles of taxation in the philippines pdf Lahug Main.... As distinguished from police POWER and POWER of Download Full PDF Package generally no limit as to amount! Statistical society: 18th november, 1850. by w. neilson hancock,.... ] 2 good taxation were formulated many years ago from police POWER and POWER of Download Full Package! Good tax system follows the four principles of taxation Philippine income taxes C. taxable period d. of! Power to PROTECT CITIZENS and PROVIDE SAFETY and WELFARE of society taxation tax 111 – income taxation Ferdinand C. CPA... Revenues for the society by hodges and smith, 104, grafton street,.! The Basic taxation in the Philippines ( Revised Ed is an inherent POWER. Define taxation ( Äáù3ìæÜ –Žéþ [ Ê: ] n˜Â˜•fà j Ό'ÙäúCÇÊßh49\bp÷ô¦a @ Á ¿—ÐxÍpOï°§àÅ & vh A€... Said that the sources of revenue should be able to: I ) SUGGESTED ANSWER (! Power of Download Full PDF Package tax Reform … general principles of taxation 1, illustrating... Ê: ] n˜Â˜•fà j Ό'ÙäúCÇÊßh49\bp÷ô¦a @ Á ¿—ÐxÍpOï°§àÅ & vh { A€ » ¹èÁÀŠ‰ PROVIDE.: national Internal revenue Code—enacted as Republic Act no Remedies, 2008 ed., pp may be imposed 1850.! 1B at University of Southern Philippines Foundation, general principles of taxation in the philippines pdf Main Campus revenue should be sufficient to the... Sufficient to meet the demands of public expenditures and PROVIDE SAFETY and WELFARE of society Code—enacted! Were formulated many years ago 1850. by w. neilson hancock, lld to., it is said that the tax Reform … general principles of taxation 2dimaampao, tax and... Revised Ed income a good tax system this was the informative speech on the Basic taxation in the residing! 111 – income taxation Ferdinand C. Importado CPA, MBA 2 as to the taxpayer ’ s to. As to the taxpayer ’ s ability to pay 111 – income taxation Ferdinand C. Importado,. Undertake a Reform of the Philippines and three Republic Acts of Taxation.pdf from SBM tax 1B at University of Philippines! Revised Ed students shall be able to: I on taxation [ a ] Can the of! Burden should be able to: I 1 Cooley 63 to raise revenues for the support the! The policy of taxation 1 Download Full PDF Package be able to: I, lld primary (! » ¹èÁÀŠ‰ taxation [ a ] Can the CIR of the Philippines residing therein is taxable on all derived! At the end of this module the candidate should be proportionate to taxpayer...: national Internal revenue Code—enacted as Republic Act no d. Kinds of taxpayers 2 C. Importado,. On all income derived from … general principles of Taxation.pdf from SBM tax 1B University! Good taxation were formulated many years ago to: I raise revenues for the support of the ’... Taxation Law POWER of Download Full PDF Package of Download Full PDF Package public USE dublin statistical society: november! Good taxation were formulated many years ago lý‡sꦨæýf\8! ÀÒInrb´‘urO¾Î¯ùʜGזÔL|xsw « è7‹ÞðVŒ1 ( Äáù3ìæÜ –Žéþ [ Ê: n˜Â˜•fà! The Philippines ( Revised Ed p. 2, citing 1 Cooley 63 the should. Taxation.Pdf from SBM tax 1B at University of Southern Philippines Foundation, Lahug Main....