TAXATION MAY BOARD EXAM

Answer More Challenges

Question 1

Ka Tato owns a parcel of land in San Jose, Batangas declared for real property
taxation, as agricultural. In 1990, he used the land for a poultry feed processing plant
but continued to declare the property as agricultural. In March 2011, the local tax
assessor discovered Ka Tatos change of use of his land and informed the local
treasurer who demanded payment of deficiency real property taxes from 1990 to 2011.
Has the action prescribed?
No, the deficiency taxes for the period 1990 up to 2011 may still be collected within
10 years from March 2011
No, the deficiency taxes may be collected within five years from when they fell due
Yes, more than 10 years had lapsed for the period 1990 up to 2000, hence the right
to collect the deficiency taxes has prescribed
Yes, more than 5 years had lapsed for the collection of the deficiency taxes for the
period 1990 up to 2005

4.2 Taxation - Tax Remedies (Difficult)

Question 2
Which of the following statements is wrong?
Foreign news correspondents who stay in the Philippines for more than three
months need not pay the community tax.
Transient visitors whose stay in the Philippines does not exceed three months is
exempt from the community
An individual or a corporation that is exempt from the community tax may pay an
optional community tax of P1
Diplomatic and consular representatives of foreign countries are exempt from the
community tax

SOLUTION:

He is already an inhabitant of the Philippines.

4.2 Taxation - General Principles of Taxation (Easy)
Question 3
The power to tax is the power to destroy. Is this always so?
No. The Supreme Court may nullify a tax law, hence, property rights are not affected
Yes. Tax laws should always be enforced because without taxes the very existence
of the State is endangered
No. The Executive Branch may decide not to enforce a tax law which it believes to
be confiscatory.
Yes. The tax collectors should enforce tax law even if the results to the destruction
of the property rights of a taxpayer

4.2 Taxation - General Principles of Taxation (Difficult)

Question 4
Matsushita Panasonic Philippines is a domestic corporation engaged in the
manufacture and assembly of appliances. Kyushu Philippines is also a domestic
corporation incorporated by the same principals of Matsushita Panasonic. Because or
losses, Kyushu has to suspend operations. Matsushita Panasonic, being the parent
company, is proposing to buy all the products of Kyushu. Should Kyushu be allowed
12% VAT on the proposed sale?
Yes, since it is a transaction deemed sale
No, however, a capital gains tax will be charged at 6% on the market value of the
machineries
No, the parent company legally owns the assets of the subsidiary corporation
Yes, since it is a sale in the ordinary course of business

4.2 Taxation - VAT (Difficult)

Question 5

Donors Tax Rate

Over But not over The tax shall be plus Of excess over
1,000,000 3,000,000 44,000 8% 1,000,000
3,000,000 5,000,000 204,000 10% 3,000,000
Hotel Zalora, VAT-registered, offers different services to its guest. The following data
taken from the books of the taxpayer are for the first month of the first quarter of 2014:
 Revenues Collections
Hotel rooms (local guest) 800,000 700,000
Dining hall:
Sale of food and refreshments 1,000,000 850,000
Sale of wine, beer and liquor 700,000 600,000
Videoke bar:
Sale of food and refreshments 600,000 550,000
Sale of wine, beer and liquor 500,000 450,000

How much is the output tax using 12% VAT rate?

378,000
None of the choices
432,000
258,000

4.2 Taxation - VAT (Difficult)

Question 6

The Commissioner of Internal Revenue may abate or cancel the tax liability when

I The administration and collection costs involved do not justify the

collection of the amount due
II A reasonable doubt as to the validity of the claim against the taxpayer
exists
III The tax or any portion thereof appears to be unjustly or excessively
assessed
IV The financial position of the taxpayer demonstrates a clear inability to pay
the assessed tax
I and IV
Only I
I and III
I and II
4.2 Taxation - BIR (Difficult)
Question 7
Joe Champs, an Irish residing in London, received dividends from Toronto Company, a
company registered in Toronto, Canada but whose profits are totally sourced from its
fishing business in the Philippines. The dividends received by Joe are
taxable only in the Philippines if Joe gains residency in the Philippines
not taxable in the Philippines since Joe is a nonresident alien
taxable in full in the Philippines
taxable in the Philippines to the extent of 50% of the gross amount of the dividends
he receives

4.2 Taxation - Income Tax Individuals (Difficult)

Question 8
An annual tax of P500 was imposed upon all residents of the Philippines, who are
above 21 years of age, with a gross annual income of P250,000, whether or not they
send their children to public schools, for the purpose of raising funds in order to improve
public school buildings.
The tax is
for a public purpose
confiscatory
violation of the equal protection clause of the Constitution
contradicts the inherent limitations

4.2 Taxation - General Principles of Taxation (Difficult)

Question 9
Cash dividend received by a domestic corporation from a domestic corporation is
Partly exempt, partly taxable
Subject to final tax
Part of taxable income
Exempt from income tax
4.2 Taxation - Income Tax Corporation (Average)
Question 10
The following expenses, except one should be paid or take place within a certain period
in order to be deductible from the gross estate of a resident or citizen decedent. Which
is the exception?
Medical expenses
Vanishing deduction
Claims against the estate
Judicial expenses

SOLUTION:

On vanishing deduction, the therapy on which the deduction is being claimed must have
been received within five years prior to death; On judicial expenses, only those incurred
before the last day for filing of the return will be allowed as a deduction. Medical
expenses are allowable as deduction only if incurred within one year prior to death.

4.2 Taxation - Estate Tax (Easy)

Question 11
Which of the following is included in gross income?
Compensation for injuries or sickness
Amounts received by insured as return of premium
Life insurance proceeds
Share in the net income of a general professional partnership

4.2 Taxation - Income Tax Individuals (Average)

Question 12
The proposed amendments to the VAT has spawned a lot of controversy. However, the
issue of validity of the imposition of VAT is not one of the first impression. Tolentino vs.
Secretary of Finance, ruled that the VAT law was valid for various reasons. Which
among the following statements is not among the reasons mentioned in the decision for
upholding the validity of the VAT law?
It is equitable because it is imposed only on the sale of goods and services by
persons engaged in business with an annual gross sales exceeding P550,000
There was no improper delegation of the legislative authority to tax when Congress
imposed the VAT
The imposition of VAT does not violate the uniformity principle because it is applied
similarly on all goods and services sold to the public which are not exempt, at the
constant rate of 0% to 12%
Small sari-sari stores, as well as sales of farm and marine products, are exempt
from the VAT so that the costs of basic food and other necessities are expected to be
relatively lower and within the reach of the general public.

4.2 Taxation - VAT (Difficult)

Question 13
Gain on sale of domestic shares of stock in New York is
Income within the Philippines
Income without the Philippines
Income party within and without
Exempt from income tax

4.2 Taxation - Income Tax Individuals (Average)

Question 14
A Corporation was merged with B Corporation. C, a stockholder of A Corporation was
asked to surrender his shares of stock of A Corporation which C acquired for P200,000
and in exchange he received shares of stock of B Corporation with a fair market value
of P220,000 plus cash of P30,000. After the Merger, C later sold his B Corporation
shares for P240,000. C will recognize a gain of
Merger (30,000); Sale (20,000)
Merger (50,000); Sale (40,000)
Merger (30,000); Sale (40,000)
Merger (50,000); Sale (20,000)

4.2 Taxation - Income Tax on Capital Assets, Sales or Exchange of Properties (Difficult)
Question 15
The Constitution does not prohibit indirect taxes. What the Constitution provides is that
Congress shall evolve a progressive system of taxation. Resort to indirect taxes should
be minimized but not avoided because it is difficult, if not impossible, to avoid them
 regressive taxes do not violate Sec 28 (1), Art VI of the Constitution
indirect taxes should be shifted without violating public purpose
regressive taxes is in accordance with theoretical justice or ability to pay
indirect taxes do not violate due process

4.2 Taxation - General Principles of Taxation (Difficult)

Question 16
Charlie is an operator of parking lots. What is the business tax is due on his income
from the business?
Common carriers tax
Caterers tax
Brokers tax
Value-added tax

SOLUTION:Lease of property is sale of services.

4.2 Taxation - VAT (Easy)

Question 17

Data from the books of accounts of a VAT taxpayer for January:

Domestic Exports Total

Sales 2,000,000 8,000,000 10,000,000
Purchases: From VAT taxpayers:
Of goods for sale 600,000 2,400,000 3,000,000
Of supplies and services 90,000 360,000 450,000
From non-VAT taxpayers:
Of goods for sale 100,000 1,500,000 1,600,000
Of suppliers and services 20,000 80,000 100,000
There was no inventory at the beginning or end of the taxable period.
If the input taxes attributable to zero-rated sales are claimed as tax credit, the net input
value-added tax refundable is:
145,000 136,000
174,000 203,924.70
SOLUTION:

Value-added tax refundable on zero-rated 331,200

sales
Less: Value-added tax payable on domestic 157,200
sales
Net value-added tax refundable 174,000

Input rates attributable to zero-rated sales:

Input taxes attributable to goods purchased for exports (2,400,000 x 288,000

12%)
Input taxes attributable to supplies and services purchased (360,000 x 43,200
12%)
Total 331,200

Value-added tax payable on domestic sales

Output taxes (2,000,000 x 12%) 240,000

Less: Input taxes
On goods purchased for sale (600,000 x 12%) 72,000
On supplies and services purchased (90,000 x 10,800 82,800
12%)
Value-added tax payable 157,200

4.2 Taxation - VAT (Difficult)

Question 18
That there should be no improper delegation of the legislative authority to tax is
both a constitutional and inherent limitation on the power of taxation
a principle of a sound tax system
an inherent limitation on the power to tax
a constitutional limitation on the power of taxation

4.2 Taxation - General Principles of Taxation (Difficult)

Question 19
The following can avail of the input tax credit except
exporter of goods and services not registered under the VAT system
purchaser of services, lessee or licensee upon payment of compensation, rental,
royalty or free
 importer of goods/articles previously subjected to VAT
purchaser of domestic goods upon consummation of sale

4.2 Taxation - VAT (Difficult)

Question 20
Jun has been classified out of the country for work from 2000-2009. He returned to the
Philippines in June 5, 2010 to reside permanently in the Philippines. For taxable year
2010, he had income from January 1 to June 4, 2010 from Philippine sources of
P300,000 and from foreign sources of P P200,000. He had income from June 6 to
December 31, 2010 of P600,000 from Philippine sources and of P400,000 from foreign
sources.
For taxable year 2010, Juns exempt income as a non resident citizen would be
300,000
200,000
600,000
500,000

4.2 Taxation - Income Tax Individuals (Difficult)

Question 21
Police power as distinguished from power of taxation
The compensation received in the protection given by the state
It exists independent of the constitution being an inherent power of the state
It involves the taking of property of individuals affected by the exercise of the power
The amount collected is limited to the cost of regulation

4.2 Taxation - General Principles of Taxation (Average)

Question 22
Which of the following local sales of goods or property and services will not be
effectively subject to VAT at zero-rate?
Sales to International Rice Research Institute (IRRI)
Sales to Development Bank of the Philippine (DBP)
Sales to enterprises duly registered and accredited with the Philippine Economic
Zone Authority (PEZA)
 Sales to enterprises duly registered and accredited with the Subic Bay Metropolitan
Authority (SEMA)

4.2 Taxation - VAT (Easy)

Question 23
Which of the following cannot avail of input tax credit?
Lessee or licensee upon payment of the rental, royalty or fee
Purchaser of services upon signing the contract of sale services
Purchaser of domestic goods or properties upon consummation of the sale.
Importer upon payment of VAT prior to the release of goods from customs custody.

4.2 Taxation - VAT (Average)

Question 24
One of the following is not correct
The Commissioner shall have authority to grant in meritorious cases, a reasonable
extension not exceeding 6 months for filing the return
The estate must be valued at time of death of the decedent
Vanishing deduction is subject to limitation
Real estate situated in foreign countries will be included in the gross estate of a
resident alien decedent

4.2 Taxation - Estate Tax (Average)

Question 25
Patrick Reyes, a VAT taxpayer, had the following data for each of the months indicated
of its taxable VAT year:

Data for the months October November December

of
VAT not included:
Sales 1,150,000 2,000,000 1,850,000
Purchases 600,000 1,600,000 1,500,000
There was a deferred input tax of 20,000 at the end of September. The value-added tax
payable at the end of December:
95,000 86,000
115,000 42,000
SOLUTION:

October:

Output taxes on months sales 138,000

Less:
Input taxes, on months 72,000
purchases
Excess input taxes, previous 20,000 92,000
quarter
Value-added tax payable 46,000

November:

Output taxes on months sales 240,000

Less: Input taxes on months 192,000
purchases
Value-added tax payable 48,000

December:

Output taxes on quarters sales 600,000

Less: Input taxes on quarters purchases 444,000
Excess input taxes, previous quarter 20,000 464,000
Balance 136,000
Less: Value-added taxes paid:
October 46,000
November 48,000 94,000
Value-added tax payable 42,000

4.2 Taxation - VAT (Difficult)

Question 26
Who of the following shall qualify the taxpayer as head of family?
Parent, 55 years old, with income from practice of profession
Unmarried illegitimate child, 20 years, living abroad because of his studies,
dependent upon the taxpayer for chief support
Senior citizen, resident alien, 65 years old, living with and dependent upon the
taxpayer for chief support
Brother, 22 years old, living with and dependent upon the taxpayer for chief support
4.2 Taxation - Income Tax Individuals (Average)
Question 27
Taxation must be exercised fairly, equally and uniformly, lest the tax collector kill the
hen that lays the golden egg. The power must be used justly and not treacherously.
taxation may be constitutional
taxation is sometimes called the power to destroy
taxation is comprehensive
taxation proceeds from the theory that government existence is a necessity

4.2 Taxation - General Principles of Taxation (Difficult)

Question 28
One of the following is a taxable income
Compensation for injuries and sickness
Proceeds of life insurance
Amounts received as returns of premium
Income derived from gifts, bequest and devices

4.2 Taxation - Income Tax Individuals (Average)

Question 29
Which of the following is taxable?
Award for being a model employee.
Prize won as member of mythical team in the PBA;
Prize won in an essay contest;
The nobel prize;

4.2 Taxation - Income Tax Individuals (Easy)

Question 30
Double taxation in its general sense means taxing the same subject twice during the
same taxing period. In this sense, double taxation
 Does not violate substantive due process
Violates substantive due process
Does not violate the right to equal protection
Violates the right to equal protection

4.2 Taxation - General Principles of Taxation (Average)

Question 31
Which of the following statements is not correct?
If without prior assessment, collection of the tax can be by judicial proceedings
If with prior assessment, collection of the tax can be by judicial proceedings
If with prior assessment, collection of the tax can be by summary proceedings
If without prior assessment, collection of the tax can be by summary proceedings

4.2 Taxation - Tax Remedies (Average)

Question 32
Which of the following statements is false? When an estate tax return had been filed
and the estate tax had been paid but subsequently, because of errors in the return, a
deficiency estate tax has to be paid:
The Bureau of Internal Revenue can still ask the executor or administrator to
pay,even if the heirs have dissipated the inheritance, if the executor or administrator did
not ask for a written discharge from liability from the Bureau of Internal Revenue.
The Bureau of Internal Revenue can ask payment from the heirs to whom the estate
had been distributed.
The Bureau of Internal Revenue cannot ask the executor or administrator to pay
because he would have been discharged from liability for the estate tax to the state, the
estate and the heirs once an estate tax had been paid on the estate that he
administered.
The Bureau of Internal Revenue shall have a lien on the properties of the estate
once a demand for payment had been made.

4.2 Taxation - Estate Tax (Difficult)

Question 33
Under absolute community of property, which of the following is a community property?
 Jewelry inherited by the decedent during the marriage
Property inherited by the surviving spouse during the marriage
Property bought during the marriage using the salary of the decedent earned before
marriage
Personal belongings (e.g. clothes, shoes, etc.) bought during the marriage for the
exclusive use of the decedent

4.2 Taxation - Estate Tax (Easy)

Question 34
John is a law abiding citizen who pays his real estate taxes promptly. Due to a series of
typhoons and adverse economic conditions, an ordinance is passed by Quezon City
granting a 50% discount for payment of unpaid real estate taxes for the preceding year
and the condonation of all penalties on fines resulting from the late payment.
Arguing that the ordinance rewards delinquent taxpayers and discriminates against
prompt ones, John demands that he be refunded an amount equivalent to 1/2 of the real
estate taxes he paid. The municipal attorney rendered an opinion that John cannot be
reimbursed because the ordinance did not provide for such reimbursement. John files
suit to declare the ordinance void on the ground that it is a class legislation.
Will his suit prosper?
the suit will prosper because the ordinance is discriminatory in character
the suit will prosper because the ordinance is not based on substantial distinction
the suit will not prosper because the ordinance is based on substantial distinction.
Each set of taxes is a class by itself and the law would be open to attack only if all the
taxpayers belonging to one class were not treated alike
the suit will not prosper because taxes are the lifeblood of the government and
should be collected without unnecessary hindrance

4.2 Taxation - General Principles of Taxation (Difficult)

Question 35
An employee receiving less than P240,000 per annum and is classified as a minimum
wage earner shall
be allowed to claim the personal exemption of his or her spouse amounting to
P50,000 pesos even if the spouse is not working
be allowed to claim the additional deduction of P2,400 for medical insurance
premiums paid on the premise that he availed of the same
not be subjected to the withholding tax system on his salary received
 not be subjected to the income tax on the salary received

4.2 Taxation - Income Tax Individuals (Difficult)

Question 36
The following reasons maybe given by a taxpayer in refusing to pay his tax liability.
Which is not acceptable for legally refusing to pay the tax?
That the prescript on period for the collection of tax has lapsed
That he has been deprived of due process of law
That he will derive no benefit from the tax
That there is no territorial jurisdiction

4.2 Taxation - Tax Remedies (Average)

Question 37

Investments 4,000,000
Vehicle 6,000,000
Family home (assessed value, P10,000,000; zonal value,
7,000,000)
Piece of land (cost, P12,000,000; fair market value,
P15,000,000)
Actual funeral expenses 350,000
Medical expenses (including P300,000 unpaid bill) 700,000

How much is the deductible medical expenses?

P400,000 P700,000 P500,000 None of the choices

SOLUTION:

Exclusive Common Total

Gross rate 35,000,000 35,000,000
Less: Funeral expenses (maximum) 200,000 200,000
Net estate before share of surviving spouse 34,800,000 34,800,000
Less: Share of surviving spouse 17,400,000 17,400,000
Net estate before special deductions 17,400,000 17,400,000
Less: Family income (maximum) (1,000,000)
Standard deduction (1,000,000)
Medical expenses(maximum paid or unpaid) (500,000)
Taxable net estate 14,900,000
4.2 Taxation - Estate Tax (Average)
Question 38
Congress passed a law allowing the payment of taxes in kind/services. This violates the
principle of
theoretical justice
administrative feasibility
fiscal adequacy
economic efficiency

4.2 Taxation - General Principles of Taxation (Difficult)

Question 39

I Mr. A , in trading business, had a receivable of P150,000 from Mr. B

.Without exerting utmost effort to collect, Mr. A canceled the indebtedness of
Mr. B, notified Mr. B, and the latter thanked Mr. A for it.
II Mr. C sold to Mr. D personal property worth P200,000 for a consideration of
P50,000, to take effect immediately upon receipt of the consideration.
Situation 2 shall be considered a bad bargain and not involving a taxable donation;
Situation 1 is bad debt expense of the business and should not be treated as
involving a taxable donation;
Situation 2 involves a donation of P200,000 and should be covered by donors tax
return within thirty days from the date of the sale.
Situation 1 involves a donation of P150,000 and should be covered by a donors tax
return within thirty days from the date of cancellation of the indebtedness;

SOLUTION:Cancellation of indebtedness is not a bad debt expense of business if

utmost effort was not taken to collect, short of judicial action. It is considered a donation,
hence a donors tax return should be filed for that donation. When a sale is for less than
full and adequate consideration, to take effect immediately during the lifetime of the
transferor, there is a donation. It is not considered a mere bad bargain. The amount that
should be considered as a donation is the excess of the fair market value at the time of
transfer over the consideration received. There should be a donors tax return showing
a gross gift of (P200,000 less P50,000) P150,000.

4.2 Taxation - Donors Tax (Easy)

Question 40
Jun, a hobbyist of car parts, received an order for a good number of his products which
he manufactures himself that would be exported to the US. Jun did not know that such
order would amount to almost P10,000,000. The said order was completed and shipped
to the US, the effect on Jun on VAT would be
His sale would be 0% rated because it was classified as an export sale and he
would be liable to pay VAT as a normal VAT registered taxpayer.
His sale would be subject to 12% VAT because he did not register as a VAT
taxpayer
His sale would be 0% rated because it was an export sale but he would be classified
as a VAT exempt taxpayer
His sale would be subject to 0% because the payment was inwardly remitted
through the Philippine banking system and he would be liable to pay VAT as a normal
VAT registered taxpayer.

4.2 Taxation - VAT (Difficult)

Question 41
John is an alien assigned in the Philippines to manage the regional area headquarters
of Deli France, a multinational company.
Matthew is John counterpart in the said office and receives the same salary as John.
Matthews salary is
tax at 5%-32% on taxable income
exempted from tax like John
tax at 10% on gross income
tax at 15% on gross income

4.2 Taxation - Income Tax Individuals (Difficult)

Question 42
Ms Karylle is a long serving employee of an COCO. She is an executive secretary to the
General Manager for which she receives an annual compensation income of P988,000.
Can Ms Karylle opt to be taxed at fifteen percent (15%) preferential tax rate?
Yes, because her gross annual compensation income meets and even exceeds the
threshold amount None of the choices No, because she is not occupying a
managerial or technical position Yes, because as a long-serving employee she is
qualified to opt for the 15% preferential tax rate

4.2 Taxation - Income Tax Individuals (Difficult)

Question 43
The additional exemption is allowed to married and head of family individual taxpayers
when a qualified dependent is:
any relative by consanguinity parent brother or sister child

4.2 Taxation - Income Tax Individuals (Easy)

Question 44
A general professional partnership and its partners are subject to the following rules
except:
Each partner shall report as gross income his distributive share in the partnership
net income
The share of the partner shall be subjected a credible withholding tax of tax 10%
The partners shall be liable for income tax in their separate or individual capacities
The general professional partnership is not subject to income tax

4.2 Taxation - Income Tax Partnerships, Estates and Trusts (Average)

Question 45
Which of the following items is correct?
Interest incurred on loan from a brother is deductible.
Interest expense incurred on unpaid value added tax is reduced by 42% of interest
income subjected to final tax
Interest payable which had already prescribed is deductible if paid voluntarily by the
taxpayer
Interest incurred to acquire a business asset may be added to the cost of the
property.

4.2 Taxation - Income Tax Individuals (Average)

Question 46
Aplets Corporation is registered under the laws of the Virgin Islands. It has extensive
operations Southeast Asia. In the Philippines, its products are imported and sold at a
mark up by its exclusive distributor, Kims Trading, Inc. The BIR compiled a record of all
the imports of Kim from Aplets and imposed a tax on Aplets net income derived from its
exports to Kim. Is the BIR correct?
Yes. Aplets is doing business in the Philippines through its exclusive distributor
Kims Trading, Inc.
No. Aplets is a non resident foreign corporation not engaged in trade or business in
the Philippines
Yes. Aplets is a non resident foreign corporation engaged in trade or business in the
Philippines
No. The tax should have been computed on the basis of gross revenues and not net
income

4.2 Taxation - Income Tax Corporation (Difficult)

Question 47
Who among the following is a nonresident citizen of the Philippines?
a citizen of the Philippines who was sent by his Company to work in China for 6
months on a special project
a citizen of the Philippines who left on a round the world tour with his family for more
than 6 months
a citizen of the Philippines who has left in 1990 and comes back in January 2011 to
reside here permanently after selling all his properties abroad and has no other income
from abroad.
a citizen of the Philippines who leaves the Philippines during the taxable year to
reside abroad as an immigrant

4.2 Taxation - Income Tax Individuals (Difficult)

Question 48
Mr. Y and Miss Z, both employed by the same company, got married in January of the
year. Within the year a child was born. Which of the following is not correct?
The total personal exemptions of the husband is P75,000;
The total personal exemptions of the wife is P75,000.
The basic personal exemption of the wife is P50,000;
The additional exemption of the wife is P0;

SOLUTION:The husband is the proper claimant of the additional exemption .

4.2 Taxation - Income Tax Individuals (Easy)

Question 49
Penalties and/or interest imposed on the taxpayer may be abated or cancelled on the
ground that the imposition thereof is unjust and excessive, except when:
 The assessment is brought about or a result of the taxpayers non-compliance with
the law due to a difficult interpretation of the said law.
The taxpayer is declared insolvent or bankrupt.
The taxpayers mistake in payment of his tax is due to erroneous written official
advice of a revenue officer.
The filing of the return or payment of the tax is made at the wrong venue.

4.2 Taxation - Tax Remedies (Difficult)

Question 50
Which of the following statements is wrong? A revenue bill
May have a House version and a Senate version approved separately and then
consolidated with both houses approving the consolidated version
May originate from the Senate and on which same bill the House of Representatives
may propose amendments
Maybe recommended by the President to Congress
Must originate from the House of Representatives and on which same bill the
Senate may propose amendments

4.2 Taxation - BIR (Difficult)

ANSWERS 15. A 31. D 47. D

16. D 32. C 48. B
1. A
17. B 33. C 49. B
2. A
18. A 34. A 50. B
3. A
19. A 35. D
4. A
20. B 36. C
5. D
21. D 37. C
6. C
22. B 38. B
7. C
23. B 39. D
8. A
24. A 40. D
9. D
25. D 41. D
10. C
26. B 42. C
11. D
27. B 43. D
12. B
28. D 44. B
13. A
29. C 45. D
14. C
30. D 46. B