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 protectionBASIS
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 EhIt 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 wealthPHILIPPINE 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
BasedMORAL 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 1992from 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)