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Review of Last session Test of baseline knowledge Purpose and types of taxation Different Methods of collection Tax Legislation
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The act of laying a tax, or of imposing taxes, as on the subjects of a state, by government, or on the members of a corporation or company, by the proper authority;
The raising of revenue by the government or also a system of raising revenue by the government
the imposition of taxes; the practice of the government in levying taxes on the subjects of a state
a levy imposed by governments on legal entities, individuals or property. Principal source of revenue for the government. Local authorities like local governments, provincial governments, counties and municipal corporations also have the right to impose taxes. The rates, rules, and regulations of taxation
Enforced Contribution Proportionate in character Generally payable in money Levied on persons or property Levied by the state which has jurisdiction Levied by the law-making body of the state Levied for public purpose (s)
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The main purpose of taxation is to accumulate funds for the functioning of the government machineries.
To provide funds or property with which to promote the general welfare and protection of its citizens Raising revenues for governmental needs May also be exercised to attain various social and economic objectives
Increase in effectiveness and productivity of the nation Increase in the quantum of revenue collection of the government Improvement in services of the government Improve employment at all industries Induction of modern technology in to the system Rationalization of terms and condition of the economic system Rationalization of employment terms and conditions
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Direct Tax Corporate or Individual Income tax Indirect Tax Business Tax like VAT, excise Tax
Personal Community Tax Property Real Estate Tax Excise or priviledge VAT Donors tax
General, fiscal or revenue regular taxes Special or regulatory additional customs and duties
Income tax Wealth tax Gift tax Expenditure tax Interest tax
Capital Gains Tax Documentary Stamp Tax Donor's Tax Estate Tax Income Tax Percentage Tax
Value Added Tax Withholding Tax on Compensation Expanded Withholding Tax Final Withholding Tax . Withholding Tax Money Payments Excise Tax on Government
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Withheld at PSE (stocks) or Paid through BIR (Real Property) through BIR Withheld at company (individual) remitted to BIR (corporate)
Value Added Tax (VAT) Expanded Withholding Tax Withholding Tax on Government Money Payments Documentary Stamp Tax Estate Tax Percentage Tax
Withheld at source through BIR through BIR Withheld at source Withheld at source Withheld at source
(b)Check Payments
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TITLE I ORGANIZATION AND FUNCTION OF THE BUREAU OF INTERNAL REVENUE TITLE II TAX ON INCOME TITLE III ESTATE AND DONOR'S TAXES TITLE IV VALUE- ADDED TAX TITLE V OTHER PERCENTAGE TAXES
TITLE VI EXCISE TAXES ON CERTAIN GOODS TITLE VII DOCUMENTARY STAMP TAX TITLE VIII REMEDIES TITLE IX COMPLIANCE REQUIREMENTS TITLE X STATUTORY OFFENSES AND PENALTIES
TITLE XI ALLOTMENT OF INTERNAL REVENUE TITLE XII OVERSIGHT COMMITTEE TITLE XIII REPEALING PROVISIONS TITLE XIV FINAL PROVISIONS
The Fundamentals of Taxation 2009, Hector S. De Leon & Hector M. De Leon, Jr., Rex Book Store ISBN 978-971-23-5282-9 http:\\www.bir.gov.ph