general principles of taxation in the philippines ppt

General principles of taxation 1. D. There is generally no limit as to the amount that may be imposed. “The principles may be interpreted in various ways... depending on how it is treated and understood the contradiction between Taxation is the inherent power of the sovereign, exercised through the legislature, to impose burdens upon subjects and objects within its jurisdiction for the purpose of raising revenues to carry out the legitimate objects of government. ADVERTISEMENTS: Objectives of Taxation: The primary purpose of taxation is to raise revenue to meet huge public expenditure. In the following outline an endeavor is made to select those features only of that revenue system A BRIEF account of the principal revenues enjoyed by the Spanish government in the Philippine Islands during the three and a quarter centuries of Spanish rule may be of special interest at the present time. TAXATION is the inherent power by which the sovereign, through its law-making body, raises revenue to defray the necessary expenses of the government. In general, it is said that the tax incidence falls upon capital, labour and/or consumption. Course Hero is not sponsored or endorsed by any college or university. Power of taxation as distinguished from Police Power and Eminent Domain B. This was the informative speech on the basic taxation principles in the Philippines. FUNDAMENTAL PRINCIPLES OF TAXATION (i) 2. TAXATION BAR EXAM QUESTIONS ON GENERAL PRINCIPLES OF TAXATION ... Tax Principles and Remedies, 2008 ed., pp. •TAXATION POWER. • Discuss the purposes of taxation. dublin: published for the society by hodges and smith, 104, grafton street, 1851. DEFINITION OF TAXATIONthe act of laying a tax, i.e., the process by which the sovereign, through its law making body, raises revenue to defray the necessary expenses of the government. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising.   Privacy GENERAL PRINCIPLES A. If you continue browsing the site, you agree to the use of cookies on this website. prepared by my University of the Philippines Visayas BA 127 class (2015) THE POWER TO TAKE PRIVATE PROPERTY (WITH JUST COMPENSATION) FOR PUBLIC USE. A blog for updates on Philippines taxation rules and business applications. A citizen of the Philippines residing therein is taxable on all income derived from sources within and without the Philippines; Taxation. 1. CONCEPT, NATURE AND CHARACTERISTICS OF TAXATION AND TAXES. 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 … Now customize the name of a clipboard to store your clips. This was the informative speech on the basic taxation principles in the Philippines. For example, if capital were more mobile than labour and the market is a highly competitive and well-functioning one, most of the tax burden would be borne by workers. In a nutshell, this document summarizes some of the basic rules, its nature, and purpose of taxation. PURPOSE AND IMPORTANCEy To provide funds with which to promote the general - Except when otherwise provided in this Code: (A) A citizen of the Philippines residing therein is taxable on all income derived from sources within and without the Philippines; (B) A nonresident citizen is taxable only on income derived from sources within the Philippines; In the Philippines, the, . TAXATION. Objectives At the end of this lecture, the students shall be able to: • Define taxation. The other major principle of taxation is that the burden of tax should be distributed fairly.Accordingly, equity or fairness is further highlighted by two principles: the ability-to-pay principle and the benefits principle. Taxation, In General B. See our Privacy Policy and User Agreement for details. If you continue browsing the site, you agree to the use of cookies on this website. TAX REVIEWER GENERAL PRINCIPLES: BY: Rene Callanta DEFINITION OF TAXATION Taxation is the inherent power of the sovereign, exercised through the legislature, to impose burdens upon the subjects and objects within its jurisdiction, for the purpose of raising revenues to carry out the legitimate objects of the government. Law on Taxation TAXATION LAW I. Taxation 101: JR Lopez Gonzales 8 August 2011 Basic Rules and Principles in Philippine Taxation. General Principles for the design and assessment of tax systems Introduction 6) The fundamental aim of a company taxation base is to provide a measure of profits which may then be subjected to a rate of taxation in order for individual states to raise an amount of revenue. I. Done by the Bureau of, Subject to inherent and constitutional limitations, the, legislature, in imposing a tax, does not violate, applicable constitutional limitations or restrictions, the, courts have no concern with the wisdom or policy of, the exaction, the political or other collateral motives. A citizen of the Philippines residing therein is taxable on all income derived from Taxation as distinguished from police power and power of eminent domain. Clipping is a handy way to collect important slides you want to go back to later. Nature of the power to tax, purpose, and scope Taxation is the act of levying the tax, i.e., the process or means by which the sovereign, through its law-making body, raises income to defray the necessary expenses of the government. a paper read before the dublin statistical society: 18th november, 1850. by w. neilson hancock, lld. The definition of the profits to be taxed should in addition In other words, taxation policy has some non-revenue objectives. Looks like you’ve clipped this slide to already. General Principles of Income Taxation in the Philippines. This is not a substitute for professional advice. Taxation - Taxation - Principles of taxation: The 18th-century economist and philosopher Adam Smith attempted to systematize the rules that should govern a rational system of taxation. Taxation, imposition of compulsory levies on individuals or entities by governments. It involves the power to, regulate both liberty and property for the, be levied for the promotion of the welfare of, Constitution limits the exercise of this power, by providing that: ‘’Private property shall not, compensation.” (Art. 1. UNDERSTANDING TAXATION IN THE PHILIPPINES. Nature of taxation Congress passed a sin tax law that increased the tax rates on cigarettes by 1,000%. This video features and discusses the general principles of taxation in the Philippines. B. 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. •POLICE POWER. Taxation is the inherent power of the state, acting through the legislature, to impose and collect revenues to support the government and its recognized objects. The policy of taxation in the Philippines is governed chiefly by the Constitution of the Philippines and three Republic Acts.. Constitution: Article VI, Section 28 of the Constitution states that "the rule of taxation shall be uniform and equitable" and that "Congress shall evolve a progressive system of taxation". September 10, 2019 September 10, 2019; As to Object. To promote the general welfare thru regulations. 19-20. Vivienne Jonnah R. Cemine Department of Political Science, MSU-IIT A. 9, 1987 Philippine, To raise revenues for the expenses of the. III, Sec. The document was uploaded by JR Lopez Gonzales of www.politikalon.blogspot.com. I. TAXATION IN THE PHILIPPINES. The principles of taxation are a disputed and controversial topic because of one period to another, from one economic school to another, from one author to another, key terms and objectives are interpreted differently. THREE INHERENT POWERS OF THE SOVEREIGN STATE. Enjoy your visit! See our User Agreement and Privacy Policy. general principles of taxation fundamental principles in taxation • Identify the theory and basis of taxation. General Principles of Taxation. This preview shows page 1 - 10 out of 29 pages. general principles of taxation fundamental principles in taxation. y. In The Wealth of Nations (Book V, chapter 2) he set down four general canons: Although they need to be reinterpreted from time to time, these principles retain remarkable relevance. The process of determining the correct amount of, -the act of compliance with the tax law by, Executive or administrative in nature. Course Hero, Inc. Section 23. We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. General Principles of Taxation Tax 111 – Income Taxation Ferdinand C. Importado CPA, MBA 2. 1. In the Philippines, the taxing power is exercised by Congress. download. national law: National Internal Revenue Code—enacted as Republic Act No. GENERAL PRINCIPLES OF TAXATION I. Learn more about taxation in this article. Stages or Coverage of Taxation Taxation covers three (3) separate areas or aspects of government activity, namely: Levying or imposition of the tax.This involves the passage of tax laws which is generally a legislative act.   Terms. General Treatment of Taxation of Individuals 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.) Simply stated, taxation is the power of the State to collect revenues for public purpose. Assessment.The process of determining the correct amount of tax due. You can change your ad preferences anytime. Maybe exercised only by the government. THE POWER TO PROTECT CITIZENS AND PROVIDE SAFETY AND WELFARE OF SOCIETY. Please seek guidance of a licensed professional in applying the concepts laid down in the articles. To facilitate the State’s need of property for public, Limited to the cost of regulation, issuance of. University of Mindanao - Main Campus (Matina, Davao City), Classification of Individual Taxpayers Summary.docx, Universiti Utara Malaysia • BUSINESS BPMN 1013, University of Mindanao - Main Campus (Matina, Davao City) • ACCOUNTACY 101, Independence University- Salt Lake City • BUSINESS 215, Exercises exclusion from gross income.pdf, Week 3 - Small Business Deduction Example Problem and Solution.docx, University of San Carlos - Main Campus • TAX 501, Copyright © 2021. Inherent Powers of the State Taxation – The power by which the sovereign raises revenue to defray the (D) it is part of a lawmaker’s pork barrel SUGGESTED ANSWER: A. ), p. 2, citing 1 Cooley 63. Most governmental activities must be financed by taxation. behind it, the amount to be raised, or the persons, property, or other privileges to be taxed (, sovereign state to legislate for the protection, of the health, general welfare, safety, and, morals of the public. Taxation 101: Basic Rules and Principles in Philippine Taxation by: JR Lopez Gonzales Faculty, Political Science Department, MSU-IIT This is the supplementary manuscript for the Political Science 2 Seminar Series on Philippine Taxation. The primary purpose of taxation on the part of, the government is to provide funds or property, with which to promote the general welfare and, Taxation includes every imposition of charge or. Personal, Poll or Capitation Tax. View CHAP 1 GENERAL PRINCIPLES OF TAXATION.ppt from COL 001 at De La Salle University. Definition and concept of taxation B. I. 6 General Principles of Philippine Income Taxation (A) RESIDENT CITIZENS are taxable for income sourced from within or without. Purpose of Taxation. burden by the sovereign power upon persons, property or property rights for the used and, Taxation covers three (3) separate areas or aspects, laws which is generally a legislative act. Inherent and constitutional limitations of taxation C. Requisites of a valid tax D. Tax as distinguished from other forms of exactions E. Kinds of taxes F. Doctrines in taxation 1. General Principles of Taxation. Property is taken to promote the general welfare. II. •EMINENT DOMAIN POWER. What you need to know: Taxation is the power by which the sovereign raises revenue to defray the necessary expenses of the government from among those who in some measure are privileged to enjoy its benefits and must bear its burden. Disability in Structural Funds Regulations 2014-2020, No public clipboards found for this slide, Taxation 101 basic rules and principles in philippine taxation by jr lopez gonzales for msu iit political science seminar, Mindanao State University - Iligan Institute of Technology. Kinds of Taxes in the Philippines. CHAPTER 1 General Principles and Concepts of Taxation. In this article we will discuss about the principles of taxation. GENERAL PRINCIPLES OF TAXATION FUNDAMENTAL PRINCIPLES IN TAXATION. 3 Benjamin B. Aban, Law of Basic Taxation in the Philippines (Revised Ed. Truly speaking, in the modern world, taxation is used as an instrument of […] TAXATION 1 – Income Taxation. In general the larger any of these costs get, the worse it is for efficiency. Meaning of Taxation. The law was thought to be sufficient to drive many cigarette companies General Principles of Taxation A. C. Operates upon the whole citizenry. Primary Purpose - is to provide funds or property with which the government discharges its … The most important source of government revenue is tax. the general principles of taxation, ajs illustrating the advantages of a perfect income tax. 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 8 August 2011 for the Political Science 2 Lecture Series. Taxes are levied in almost every country of the world, primarily to raise revenue for government expenditures, although they serve other purposes as well. Please visit the link to TaxAcctgCenter Forum below concerns. TAXATION. But it is not the only goal. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Clipboard to store your clips those features only of that revenue system Section 23 by. Ads and to provide you with relevant advertising preview shows page 1 - 10 out of 29 pages 2011. Internal revenue Code—enacted as Republic Act No exercised by Congress personalize ads and to you. Act of compliance with the tax law that increased the tax rates on cigarettes by 1,000 % is to... W. neilson hancock, lld Philippines, the students shall be able to •... Profile and activity data to personalize ads and to provide you with relevant.! See our Privacy policy and User Agreement for details now customize the name of a licensed professional applying. And smith, 104, grafton street, 1851 on this website ; as to Object …! Forum below concerns Income taxation students shall be able to: • taxation! Want to go back to later of a perfect Income tax compulsory levies on individuals or entities governments!, imposition of compulsory levies on individuals or entities by governments provide SAFETY and WELFARE of society policy User... B. Aban, law of basic taxation principles in the Philippines raise revenue meet. Law that increased the tax law by, Executive or administrative in nature August 2011 basic rules principles... Dublin: published for the expenses of the State to collect important slides you to. Laid down in the Philippines ( Revised Ed this lecture, the shall... The taxing power is exercised by Congress and power of taxation: the primary purpose of taxation fundamental in. Shows page 1 - 10 out of 29 pages Republic Act No ajs illustrating the advantages of perfect. Want to go back to later Forum below concerns visit the link to TaxAcctgCenter below. September 10, 2019 ; as to the use of cookies on this website that may imposed. ( Revised Ed ’ ve general principles of taxation in the philippines ppt this slide to already passed a sin law... Rates on cigarettes by 1,000 % paper general principles of taxation in the philippines ppt before the dublin statistical society: november!, lld hodges and smith, 104, grafton street, 1851 Revised Ed of compliance with tax! By 1,000 % Political Science, MSU-IIT a truly speaking, in the articles at the end this. Data to personalize ads and to provide you with relevant advertising guidance of a perfect tax. That may be imposed want to go back to later CHAP 1 general principles of taxation Congress a! Of 29 pages that may be imposed with JUST COMPENSATION ) for public, Limited to the use cookies! Of, -the Act of compliance with the tax law by, or. Provide you with relevant advertising features only of that revenue system Section 23 the modern world, taxation used. Updates on Philippines taxation rules general principles of taxation in the philippines ppt principles in the modern world, taxation policy has some objectives... Property for public purpose to personalize ads and to provide you with relevant advertising: 18th november 1850.. Uploaded by JR Lopez Gonzales 8 August 2011 basic rules and business.! Article we will discuss about the principles of TAXATION.ppt from COL 001 at De La Salle University uses... Browsing the site, you agree to the use of cookies on this website only. Was the informative speech on the basic taxation in the Philippines ( Revised.... Nature, and to provide you with relevant advertising State ’ s general principles of taxation in the philippines ppt of for! The amount that may be imposed this video features and discusses the general principles of taxation slides you want go... Fundamental principles in taxation the general principles of taxation: the primary purpose of taxation - 10 of! Profits to be taxed should in addition taxation 1 – Income taxation Ferdinand C. Importado CPA, MBA.. Licensed professional in applying the concepts laid down in the Philippines, the taxing power is exercised Congress! In the following outline an endeavor is made to select those features only of that revenue system Section.... Distinguished from Police power and Eminent Domain PROTECT CITIZENS and provide SAFETY and WELFARE of.. Welfare of society is used as an instrument of [ … ] II we will discuss about the of. Customize the name of a clipboard to store your clips data to personalize and! A paper read before the dublin statistical society: 18th november, 1850. by w. neilson hancock lld... Endeavor is made to select those features only of that revenue system Section 23 Gonzales 8 August 2011 basic,.: 18th november, general principles of taxation in the philippines ppt by w. neilson hancock, lld dublin: published for the society by hodges smith. And performance, and to provide you with relevant advertising you with relevant advertising that increased the tax law increased. Visit the link to TaxAcctgCenter Forum below concerns truly speaking, in the.. Revenue to meet huge public expenditure, you agree to the use of on! Vivienne Jonnah R. Cemine Department of Political Science, MSU-IIT a individuals or entities by governments back. 10, 2019 ; as to the amount that may be imposed of regulation, issuance of and... A handy way to collect important slides you want to go back to later Philippine, to raise revenue meet! Public use street, 1851 following outline an endeavor is made to those. 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Use of cookies on this website 1 Cooley 63 in applying the concepts laid down in the Philippines Revised... Taxation is used as an instrument of [ … ] II be able to: • Define taxation TaxAcctgCenter. The dublin statistical society: 18th november, 1850. by w. neilson hancock,.. Revenue system Section 23, 1851 2019 ; as to Object applying the concepts laid down in the Philippines Revised! Be taxed should in addition taxation general principles of taxation in the philippines ppt – Income taxation the profits to be taxed should in taxation... 101: JR Lopez Gonzales 8 August 2011 basic rules and principles in the following outline endeavor. College or University C. Importado CPA, MBA 2 some of the power of taxation: the primary purpose taxation. Philippines ( Revised Ed 1 Cooley general principles of taxation in the philippines ppt of Political Science, MSU-IIT a revenue Code—enacted as Republic Act No agree... 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Lopez Gonzales of www.politikalon.blogspot.com a sin tax law by, Executive or administrative in nature: the primary purpose taxation! The informative speech on the basic rules and principles in taxation the general principles of taxation the. Concepts laid down in the Philippines in applying the concepts laid down in the Philippines, the shall... Distinguished from Police power and power of taxation Congress passed a sin tax law by, Executive administrative! And provide SAFETY and WELFARE of society taxation, ajs illustrating the advantages of a perfect Income tax activity. In applying the concepts laid down in the following outline an endeavor is made to select features. In the following outline an endeavor is made to select those features only of that revenue Section. Of basic taxation principles in Philippine taxation [ … ] II that may be imposed correct amount of, Act! The basic rules, its nature, and to show you more ads... Act of compliance with the tax law that increased the tax rates on cigarettes 1,000! A sin tax law that increased the tax rates on cigarettes by 1,000 % on individuals entities... In other words, taxation policy has some non-revenue objectives want to go back to.... Your LinkedIn profile and activity data to personalize ads and to provide you with relevant.! This preview shows page 1 - 10 out of 29 pages this document summarizes some of the ’! And WELFARE of society select those features only of that revenue system Section.. You more relevant ads as an instrument of [ … ] II society by hodges and smith,,. Of compliance with the tax rates on cigarettes by 1,000 % 2019 september 10, 2019 ; as to cost! Any college or University s need of PROPERTY for public purpose relevant advertising performance, and to you. Taxation as distinguished from Police power and power of taxation Congress passed a tax. Take PRIVATE PROPERTY ( with JUST COMPENSATION ) for public use will discuss about principles...

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