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CIR vs. Lednicky; G.R. Nos. L-18169, L-18262 & L-21434, 31 Ju The right of the government to tax een u ETT CCM Ce MIM Tae eS ome the production of income by providing the protection, resources, incentive and proper climate for such production CIR vs. British Overseas Airways Corporation; G.R. Nos. L-65 3-74, 30 April 1987 When the flow of wealth proceeded from, and Peet Ma Mi snore mmcn Tog a Ts Pace eee a aon site emt eee erential ta omane toca ita government in consideration of such protection BASIS It is therefore fair for the government to require them to make a reasonable contribution to the pelt) eros loshin THEORY OF FAVORABLE BUSINESS CLIMATE BASIS CREBA vs. Romulo; G.R. No. 160756, 09 Mare h 20} » Domestic corporations owe their corporate existence to do business to the government. They also benefit from the efforts of the government to improve the financial market and to ensure a favorable business climate. SYSTEMS 1. Global (Unitary) 2. Schedular 3. Mixed (Semi-Global or Semi-Schedular) INCOME TAX Income Tax is a tax on a person's income, Pont) tte eM ROTC LaLa LEN Soke elo Peete s(n ca Ne ey rites M mts out en CME mK income specified in the Tax Code of 1997 (Tax Code), as amended, less the deductions and/or personal and additional exemptions, if any, authorized for such types of income. by the Tax Code, as BbaiTonls(e Mme) se 1 9 Eh It is not levied upon the person or property, but upon the right of a person to receive income or profits. |. To provide large amounts of AMOI To offset regressive taxes (business [eer ae U en Le C)) ate the evils arising from inequalities of wealth PHILIPPINE INCOME Jeena Ol erete Couto 1. Global, Schedular, Mixed 2. Direct Tax BEM gare n alacant Corl) PHILIPPINE INCOME TAX SYSTEM Features & Charact §. American Origin manta erkwroasytiled 7. Net Income and Gross Income Based MORAL NEUTRALITY Seem Tar oT MME roaran emg distribution of the said earings is null and void is of no moment. x x x x x The Tax Orr A GEE Ub icc anil gLTaNg bul cmap eoncmennlsy bio §. Branch Profits Remittance Tax Minimum Corporate Income see idan PNA ELC Earnings Tax Special (Preferential) Tax FOR EMO aC MnO aC UCU Loy ROT ONE SOCOM CL within a specified time, whether as payment for services, interest or oi from investment. «Fisher vs. Trinidad; G.R. No. L-17518, 30 October 1922 = Conwi vs. CTA; G.R. No. 48532, 31 August 1992 from capital, or EVE Cal The gain derived OU MELO wm iconemeletn labor, including the gain derived Hi coer ian Ce) UMCOO Coe TNTes capital assets. 2 US 189 Kisner vs. Macomber; (1920)

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