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01 General Principles of Taxation
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Taxation in the Philippines

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Principles and basics of taxation in the Philippines.

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Taxation in the Philippines

  1. 1. TAXATION is defined in many ways. Commonly heard definitions include: It is the process by which the sovereign, through its law making body, races revenues use to defray expenses of government. It is a means of government in increasing its revenue under the authority of the law, purposely used to promote welfare and protection of its citizenry. It is the collection of the share of individual and organizational income by a government under the authority of the law.
  2. 2. Distinction of Tax
  3. 3. It is enforced contribution. Its payment is not voluntary nature, and the imposition is not dependent upon the will of the person taxed. It is generally payable in cash. This means that payment by checks, promissory notes, or in kind is not accepted. It is proportionate in character. Payment of taxes should be base on the ability to pay principle; the higher income of the tax payer the bigger amount of the tax paid. It is levied (to impose; collect) on person or property. There are taxes that are imposed or levied on acts, rights or privileges. Ex. Documentary tax.
  4. 4. It is levied by the state which has jurisdiction over the person or property. As a general rule, only persons, properties, acts, right or transaction with in the jurisdiction of the taxing state are subject for taxation. It is levied by the law making body of the state. This means that a prior law must be enacted first by the congress before assessment and collection may be implemented of the 1987 constitution. It is levied for public purposes. Taxes or imposed to support the government for implementation of projects and programs.
  5. 5. 1. As to subject matter • • Personal, Poll or Capitation Tax (ex. Residence Tax) Property Tax. (ex. Real State Tax) 2. As to who bears the burden • • Direct Tax (ex. Income Tax) Indirect Tax (ex. Buying of goods and services (RVAT) )
  6. 6. 3. As to purpose General Tax (ex. Almost All Taxes) Special Tax 4. As to scope National Tax (ex. National Revenue Taxes) Local Tax MODYUL 22 ANG PAMBANSANG BADYET.pdf
  7. 7. How to Compute Income Tax in the Philippines Computing income tax expense and payable is different for individuals and corporations. Taxable corporations may be taxed using a fixed income tax rate. On the other hand, if you are a self-employed professional or an owner of a single proprietorship business, your income tax expense is computed using a graduated tax rate. It is a progressive tax which the tax rate increases as the taxable base amount increases. This means that the higher taxable income you have, the higher your income tax expense is.
  8. 8. Personal Excemption 1. Single or divorced without dependent P50,000 2. Head of the Family P50,000 3. Married individuals P50,000
  9. 9. In , government spending, government expenditure, or government spending on goods and services includes all government consumption and investment by a state. DBM Files2012 Annual Report.pdf
  10. 10. Government acquisition of goods and services for current use to directly satisfy individual or collective needs of the members of the community is called government final consumption expenditure (GFCE.) Government acquisition of goods and services intended to create future benefits, such as infrastructure investment or research spending, is called gross fixed capital formation, or government investment, which usually is the largest part of the government
  11. 11. DBM FilesBudget Deficit Financing.pdf
  12. 12. Internet: Others: National Statistical Coordination Board (NSCB) Batayang Ekonomiks
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Principles and basics of taxation in the Philippines.


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