Tax Law in the Philippines презентация

MBA

the legislative process.
Explain the sources of tax laws.
Discuss the instances when taxation favors the government and strictly against the taxpayer.

enacting a tax law is to raise revenues for government operations.

the Constitution.
Taxation can be exercised even without the Constitution.

Statutory enactments
Tax laws passed by the Congress.
National Internal Revenue Code (NIRC).

of tax laws issued on a timely basis by the Commissioner of the Bureau of Internal Revenue (BIR).
Issued by request of the taxpayer to clarify certain provisions of a tax law.
BIR Rulings.

the law and carry into effect its general provisions by providing details of administration and procedure.
Issued by the Secretary of Finance upon the recommendation of the Commissioner of the BIR.
Revenue Regulations.

Court of Tax appeals and the Supreme Court applying or interpreting tax laws.
Part of the jurisprudence on taxation and the legal system of the Philippines.
Appealable to the Supreme Court.

the government except:
When the statutes granting exemptions provides for liberal construction thereof;
Exemptions in favor of the government, political subdivisions or instrumentalities;
Exemptions in favor of exemptees traditionally exempt such as churches and educational institution; and
Special circumstances of persons such as the granting of exemptions to victims of calamities.