SlideShare a Scribd company logo
1 of 3
Download to read offline
fundamentals of taxation
fundamentals of taxation
fundamentals of taxation
fundamentals of taxation
fundamentals of taxation
fundamentals of taxation
fundamentals of taxation
fundamentals of taxation
fundamentals of taxation
fundamentals of taxation
fundamentals of taxation
Solution
Fundamentals of taxation
1.Nature of Taxation- Taxation is a state power exercised through the country's legislative body.
The principle of Taxation states that taxes are collected to support the government in its expenses
and services for public welfare.
2.Purpose- The purpose of taxation is to raise revenues from all possible sources to support
government expenditures and services and to promote the general well-being and protection of
its citizens.
3.Canons of Taxation- refer to the basic principles of a sound tax system which identify the
following: fiscal adequacy, administrative feasibility, and theoretical justice.
4.Administrative feasibility- Payment of taxes must be taxpayer- friendly.
5.Objective of Taxation- Individuals who earn a considerable amount of income as a worker or
as a businessman in partnerships or corportions, including those who inherited a property or
given a gift or donation of a considerable value; Tangible and Intangible properties, whether
personal properties that can be moved or relocated or real properties and Transactions,
consumptions interests, imports and exports.

More Related Content

Similar to fundamentals of taxation.pdf

Chapter 2 Tax.pptx best power point presentation
Chapter 2 Tax.pptx best power point presentationChapter 2 Tax.pptx best power point presentation
Chapter 2 Tax.pptx best power point presentation
Kalkaye
 
Applied.Econofdfdfdfdfdxdfxfxic_Group1.pptx
Applied.Econofdfdfdfdfdxdfxfxic_Group1.pptxApplied.Econofdfdfdfdfdxdfxfxic_Group1.pptx
Applied.Econofdfdfdfdfdxdfxfxic_Group1.pptx
NonSy1
 

Similar to fundamentals of taxation.pdf (20)

Chapter 2 Tax.pptx best power point presentation
Chapter 2 Tax.pptx best power point presentationChapter 2 Tax.pptx best power point presentation
Chapter 2 Tax.pptx best power point presentation
 
Intro-to-Taxation.pdf
Intro-to-Taxation.pdfIntro-to-Taxation.pdf
Intro-to-Taxation.pdf
 
Taxation
TaxationTaxation
Taxation
 
Applied.Econofdfdfdfdfdxdfxfxic_Group1.pptx
Applied.Econofdfdfdfdfdxdfxfxic_Group1.pptxApplied.Econofdfdfdfdfdxdfxfxic_Group1.pptx
Applied.Econofdfdfdfdfdxdfxfxic_Group1.pptx
 
Taxation- Copy.ppt
Taxation- Copy.pptTaxation- Copy.ppt
Taxation- Copy.ppt
 
Tax system
Tax systemTax system
Tax system
 
Txataion mgmt unit-1
Txataion mgmt unit-1Txataion mgmt unit-1
Txataion mgmt unit-1
 
12. TAXATION.pptx
12. TAXATION.pptx12. TAXATION.pptx
12. TAXATION.pptx
 
Tax material
Tax materialTax material
Tax material
 
Indirect taxation.ppt
Indirect taxation.pptIndirect taxation.ppt
Indirect taxation.ppt
 
Taxation
TaxationTaxation
Taxation
 
Public Sector Accounting- Lecture.-1.pdf
Public Sector Accounting- Lecture.-1.pdfPublic Sector Accounting- Lecture.-1.pdf
Public Sector Accounting- Lecture.-1.pdf
 
01. introduction to taxation ICAB, KL, Study Manual
01. introduction to taxation ICAB, KL, Study Manual01. introduction to taxation ICAB, KL, Study Manual
01. introduction to taxation ICAB, KL, Study Manual
 
Public revenue
Public revenue Public revenue
Public revenue
 
Taxation in the philippines
Taxation in the philippinesTaxation in the philippines
Taxation in the philippines
 
Government revenue(Public Fiscal Administration)
Government revenue(Public Fiscal Administration)Government revenue(Public Fiscal Administration)
Government revenue(Public Fiscal Administration)
 
Chapter 2.pptx
Chapter 2.pptxChapter 2.pptx
Chapter 2.pptx
 
Rationale up to Flow of Research
Rationale up to  Flow of Research Rationale up to  Flow of Research
Rationale up to Flow of Research
 
Taxing powers, scope and limitations of nga and lgu
Taxing powers, scope and limitations of nga and lguTaxing powers, scope and limitations of nga and lgu
Taxing powers, scope and limitations of nga and lgu
 
Corporate tax planning
Corporate tax planningCorporate tax planning
Corporate tax planning
 

More from tesmondday29076

Dividing a linked list into two sublists of almost equal sizesa. A.pdf
Dividing a linked list into two sublists of almost equal sizesa. A.pdfDividing a linked list into two sublists of almost equal sizesa. A.pdf
Dividing a linked list into two sublists of almost equal sizesa. A.pdf
tesmondday29076
 
Data Project 1-use a significance level of 0.05Companies in the Do.pdf
Data Project 1-use a significance level of 0.05Companies in the Do.pdfData Project 1-use a significance level of 0.05Companies in the Do.pdf
Data Project 1-use a significance level of 0.05Companies in the Do.pdf
tesmondday29076
 
A blood clot had been silently forming in Adam Parkers left anterio.pdf
A blood clot had been silently forming in Adam Parkers left anterio.pdfA blood clot had been silently forming in Adam Parkers left anterio.pdf
A blood clot had been silently forming in Adam Parkers left anterio.pdf
tesmondday29076
 
what does it takes to be a living organ Assignment Please answer th.pdf
what does it takes to be a living organ Assignment Please answer th.pdfwhat does it takes to be a living organ Assignment Please answer th.pdf
what does it takes to be a living organ Assignment Please answer th.pdf
tesmondday29076
 
What is a SIFI and how does it related to “too big to fail” Describ.pdf
What is a SIFI and how does it related to “too big to fail” Describ.pdfWhat is a SIFI and how does it related to “too big to fail” Describ.pdf
What is a SIFI and how does it related to “too big to fail” Describ.pdf
tesmondday29076
 
TFW LTE 1032 ANM Assignments Position Paper Detail Submission Grade .pdf
TFW LTE 1032 ANM Assignments Position Paper Detail Submission Grade .pdfTFW LTE 1032 ANM Assignments Position Paper Detail Submission Grade .pdf
TFW LTE 1032 ANM Assignments Position Paper Detail Submission Grade .pdf
tesmondday29076
 
please help in microprocessor course (NO handwriting) What is multi-.pdf
please help in microprocessor course (NO handwriting) What is multi-.pdfplease help in microprocessor course (NO handwriting) What is multi-.pdf
please help in microprocessor course (NO handwriting) What is multi-.pdf
tesmondday29076
 
List some applications of surveying in Geology, Forestry, and archeo.pdf
List some applications of surveying in Geology, Forestry, and archeo.pdfList some applications of surveying in Geology, Forestry, and archeo.pdf
List some applications of surveying in Geology, Forestry, and archeo.pdf
tesmondday29076
 

More from tesmondday29076 (20)

Dividing a linked list into two sublists of almost equal sizesa. A.pdf
Dividing a linked list into two sublists of almost equal sizesa. A.pdfDividing a linked list into two sublists of almost equal sizesa. A.pdf
Dividing a linked list into two sublists of almost equal sizesa. A.pdf
 
in experiment simple staining what other dyes can be used for direct.pdf
in experiment simple staining what other dyes can be used for direct.pdfin experiment simple staining what other dyes can be used for direct.pdf
in experiment simple staining what other dyes can be used for direct.pdf
 
Discuss techniques and methods of presenting financial data for non-.pdf
Discuss techniques and methods of presenting financial data for non-.pdfDiscuss techniques and methods of presenting financial data for non-.pdf
Discuss techniques and methods of presenting financial data for non-.pdf
 
How many Translational and how many Rotational DOF(s) are in this sy.pdf
How many Translational and how many Rotational DOF(s) are in this sy.pdfHow many Translational and how many Rotational DOF(s) are in this sy.pdf
How many Translational and how many Rotational DOF(s) are in this sy.pdf
 
Data Project 1-use a significance level of 0.05Companies in the Do.pdf
Data Project 1-use a significance level of 0.05Companies in the Do.pdfData Project 1-use a significance level of 0.05Companies in the Do.pdf
Data Project 1-use a significance level of 0.05Companies in the Do.pdf
 
Define relational database. Why has it been predicted that the relat.pdf
Define relational database. Why has it been predicted that the relat.pdfDefine relational database. Why has it been predicted that the relat.pdf
Define relational database. Why has it been predicted that the relat.pdf
 
Check ALL of the following characteristics that make animals differen.pdf
Check ALL of the following characteristics that make animals differen.pdfCheck ALL of the following characteristics that make animals differen.pdf
Check ALL of the following characteristics that make animals differen.pdf
 
A blood clot had been silently forming in Adam Parkers left anterio.pdf
A blood clot had been silently forming in Adam Parkers left anterio.pdfA blood clot had been silently forming in Adam Parkers left anterio.pdf
A blood clot had been silently forming in Adam Parkers left anterio.pdf
 
what does it takes to be a living organ Assignment Please answer th.pdf
what does it takes to be a living organ Assignment Please answer th.pdfwhat does it takes to be a living organ Assignment Please answer th.pdf
what does it takes to be a living organ Assignment Please answer th.pdf
 
6. How many 6-symbol computer passwords can be formed if the first t.pdf
6. How many 6-symbol computer passwords can be formed if the first t.pdf6. How many 6-symbol computer passwords can be formed if the first t.pdf
6. How many 6-symbol computer passwords can be formed if the first t.pdf
 
What is a SIFI and how does it related to “too big to fail” Describ.pdf
What is a SIFI and how does it related to “too big to fail” Describ.pdfWhat is a SIFI and how does it related to “too big to fail” Describ.pdf
What is a SIFI and how does it related to “too big to fail” Describ.pdf
 
The clade afrotheria includes a diverse variety of species, but are .pdf
The clade afrotheria includes a diverse variety of species, but are .pdfThe clade afrotheria includes a diverse variety of species, but are .pdf
The clade afrotheria includes a diverse variety of species, but are .pdf
 
The enrollment in a certain course is 10 first year students, 30 s.pdf
The enrollment in a certain course is 10 first year students, 30 s.pdfThe enrollment in a certain course is 10 first year students, 30 s.pdf
The enrollment in a certain course is 10 first year students, 30 s.pdf
 
TFW LTE 1032 ANM Assignments Position Paper Detail Submission Grade .pdf
TFW LTE 1032 ANM Assignments Position Paper Detail Submission Grade .pdfTFW LTE 1032 ANM Assignments Position Paper Detail Submission Grade .pdf
TFW LTE 1032 ANM Assignments Position Paper Detail Submission Grade .pdf
 
Summarize the main characteristic of insectsSolution1.Insects .pdf
Summarize the main characteristic of insectsSolution1.Insects .pdfSummarize the main characteristic of insectsSolution1.Insects .pdf
Summarize the main characteristic of insectsSolution1.Insects .pdf
 
Put the following taxonomic hierarchy of classification groups in ord.pdf
Put the following taxonomic hierarchy of classification groups in ord.pdfPut the following taxonomic hierarchy of classification groups in ord.pdf
Put the following taxonomic hierarchy of classification groups in ord.pdf
 
please help in microprocessor course (NO handwriting) What is multi-.pdf
please help in microprocessor course (NO handwriting) What is multi-.pdfplease help in microprocessor course (NO handwriting) What is multi-.pdf
please help in microprocessor course (NO handwriting) What is multi-.pdf
 
List some applications of surveying in Geology, Forestry, and archeo.pdf
List some applications of surveying in Geology, Forestry, and archeo.pdfList some applications of surveying in Geology, Forestry, and archeo.pdf
List some applications of surveying in Geology, Forestry, and archeo.pdf
 
- -0+00- 1+00_ 1+40_ 2 +00 2+40 3+00 Solution1) Chang.pdf
- -0+00- 1+00_ 1+40_ 2 +00 2+40 3+00 Solution1) Chang.pdf- -0+00- 1+00_ 1+40_ 2 +00 2+40 3+00 Solution1) Chang.pdf
- -0+00- 1+00_ 1+40_ 2 +00 2+40 3+00 Solution1) Chang.pdf
 
1 List the basic steps in securing an operating system. Assume that.pdf
1 List the basic steps in securing an operating system. Assume that.pdf1 List the basic steps in securing an operating system. Assume that.pdf
1 List the basic steps in securing an operating system. Assume that.pdf
 

Recently uploaded

1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi  6.pdf1029-Danh muc Sach Giao Khoa khoi  6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf
QucHHunhnh
 
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
ZurliaSoop
 

Recently uploaded (20)

How to Manage Global Discount in Odoo 17 POS
How to Manage Global Discount in Odoo 17 POSHow to Manage Global Discount in Odoo 17 POS
How to Manage Global Discount in Odoo 17 POS
 
Introduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The BasicsIntroduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The Basics
 
Understanding Accommodations and Modifications
Understanding  Accommodations and ModificationsUnderstanding  Accommodations and Modifications
Understanding Accommodations and Modifications
 
Single or Multiple melodic lines structure
Single or Multiple melodic lines structureSingle or Multiple melodic lines structure
Single or Multiple melodic lines structure
 
Fostering Friendships - Enhancing Social Bonds in the Classroom
Fostering Friendships - Enhancing Social Bonds  in the ClassroomFostering Friendships - Enhancing Social Bonds  in the Classroom
Fostering Friendships - Enhancing Social Bonds in the Classroom
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi  6.pdf1029-Danh muc Sach Giao Khoa khoi  6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf
 
Accessible Digital Futures project (20/03/2024)
Accessible Digital Futures project (20/03/2024)Accessible Digital Futures project (20/03/2024)
Accessible Digital Futures project (20/03/2024)
 
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
 
Google Gemini An AI Revolution in Education.pptx
Google Gemini An AI Revolution in Education.pptxGoogle Gemini An AI Revolution in Education.pptx
Google Gemini An AI Revolution in Education.pptx
 
Sociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning ExhibitSociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning Exhibit
 
Making communications land - Are they received and understood as intended? we...
Making communications land - Are they received and understood as intended? we...Making communications land - Are they received and understood as intended? we...
Making communications land - Are they received and understood as intended? we...
 
General Principles of Intellectual Property: Concepts of Intellectual Proper...
General Principles of Intellectual Property: Concepts of Intellectual  Proper...General Principles of Intellectual Property: Concepts of Intellectual  Proper...
General Principles of Intellectual Property: Concepts of Intellectual Proper...
 
Unit-IV- Pharma. Marketing Channels.pptx
Unit-IV- Pharma. Marketing Channels.pptxUnit-IV- Pharma. Marketing Channels.pptx
Unit-IV- Pharma. Marketing Channels.pptx
 
Towards a code of practice for AI in AT.pptx
Towards a code of practice for AI in AT.pptxTowards a code of practice for AI in AT.pptx
Towards a code of practice for AI in AT.pptx
 
This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.
 
SOC 101 Demonstration of Learning Presentation
SOC 101 Demonstration of Learning PresentationSOC 101 Demonstration of Learning Presentation
SOC 101 Demonstration of Learning Presentation
 
Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024
 
Application orientated numerical on hev.ppt
Application orientated numerical on hev.pptApplication orientated numerical on hev.ppt
Application orientated numerical on hev.ppt
 
Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17  How to Extend Models Using Mixin ClassesMixin Classes in Odoo 17  How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
 
Kodo Millet PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
Kodo Millet  PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...Kodo Millet  PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
Kodo Millet PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
 

fundamentals of taxation.pdf

  • 1. fundamentals of taxation fundamentals of taxation fundamentals of taxation
  • 2. fundamentals of taxation fundamentals of taxation fundamentals of taxation fundamentals of taxation
  • 3. fundamentals of taxation fundamentals of taxation fundamentals of taxation fundamentals of taxation Solution Fundamentals of taxation 1.Nature of Taxation- Taxation is a state power exercised through the country's legislative body. The principle of Taxation states that taxes are collected to support the government in its expenses and services for public welfare. 2.Purpose- The purpose of taxation is to raise revenues from all possible sources to support government expenditures and services and to promote the general well-being and protection of its citizens. 3.Canons of Taxation- refer to the basic principles of a sound tax system which identify the following: fiscal adequacy, administrative feasibility, and theoretical justice. 4.Administrative feasibility- Payment of taxes must be taxpayer- friendly. 5.Objective of Taxation- Individuals who earn a considerable amount of income as a worker or as a businessman in partnerships or corportions, including those who inherited a property or given a gift or donation of a considerable value; Tangible and Intangible properties, whether personal properties that can be moved or relocated or real properties and Transactions, consumptions interests, imports and exports.