TAX 1 INCOME TAXATION
Chapter 2: SELF-TEST EXERCISES
Discussion Question:
1. Distinguish tax law from tax exemption law
2. Enumerate the sources of tax laws.
3. Discuss the nature of the Philippine tax law.
4. Distinguish tax laws, revenue regulations, and rulings.
5. Define tax and identify its elements
6. What are the classifications of taxes? Enumerate and provide examples for each classification.
7. Compare tax with revenue, license, toll, debt, special assessment, tariff and penalty.
8. What is a tax systems? What are its types?
9. Enumerate the principles of a sound tax system. Explain each.
10. Enumerate the powers of BIR.
11. Enumerate the none delegated powers of the CIR.
ANSWERS FROM ABOVE QUESTIONS:
1. Tax laws are laws that are provide for the assessment and collection of taxes while
the tax exemption laws are laws that grant certain immunity from taxation.
2.There are 8 sources of tax laws the constitution, statutes and presidential decrees,
judicial decisions or case laws, executive orders and Batas Pambansa, Administrative
issuances, local ordinances, tax treaties and conventions with foreign countries and
lastly the revenue regulations.
3. Philippines tax law are civil and not political in nature. They are laws of the occupied
territory and not by the occupying enemy. Tax payments made during occupations of
foreign enemies are valid. Our internal revenue laws are not penal in nature because
they do not define crime. Their penalty provisions are merely intended to secure tax
payers compliance.
4. Tax laws provide the assessment and collection of taxes (ex. The national internal
revenue code NIRC, The tariff and customs code, The local tax code and the real
property tax code)
5. Tax is an enforced proportional contribution leveid by the law making body of the state
to raise revenue for public purpose.
The elements of a valid tax are as follows:
(BASAHIN MO NALANG SA LIBRO KASI MARAMI) HAHAHAAHAH (nasa page 38)
