Essay: Write an essay consisting of 300-500 words about the nature of Philippine Taxation
1. Essay: Write an essay consisting of 300-500 words about the nature of Philippine Taxation
The basic source of Philippine tax law is the National Internal Revenue Law, which codifies all tax provisions, the latest of which is embodied in Republic Act No. 8424 (“The Tax Reform Act of 1997”). It amended previous national internal revenue codes, which was approved on December 11, 1997. A copy of the Tax Reform Act of 1997, which took effect on January 1, 1998, can be found here.The Philippines has entered into several tax treaties for the avoidance of double taxation and prevention of fiscal evasion with respect to income taxes. At present, there are 31 Philippine Tax Treaties in force. Copies are available at the BIR Library and the International Tax Affairs Division of the BIR, which is under the Deputy Commissioner for Legal and Inspection Group.
The Philippine Treaty Series, edited and annotated by Haydee Yorac and published by Law Publishing House, University of the Philippines, is available in seven (7) volumes, covering the years 1944 to 1978 . The Philippine Treaty Index, by Benjamin Domingo, covers the years 1978 to 1982. A copy of the Philippine Treaty Index is available in the Department of Foreign Affairs (DFA) Library. These publications contain treaties entered into by the Philippines. Tax privileges and exemptions granted under treaties to which the Philippines is a signatory are recognized under Philippine tax law. Copies of treaties entered into by the Philippines with other countries and/or international organizations, from 1983 up to the present, are available at the DFA Library.
2. how different were the taxation systems in the philippines during the various periods in our history essay
The taxation system in the Philippines has undergone significant changes throughout its history. During the Spanish colonial period, the main form of taxation was the tribute system, where indigenous peoples were required to pay a certain amount of goods or services to the Spanish colonial government. This was later replaced by the polo y servicios system, which imposed personal and property taxes on the indigenous population.
During the American colonial period, a more modern and organized taxation system was introduced. This included income tax, property tax, and business tax. However, this system also faced criticism for being unfair and burdensome, particularly for the poorer segments of society.
After the Philippines gained independence, the taxation system underwent further reforms. The National Internal Revenue Code was introduced in the 1950s, providing a more comprehensive and uniform system of taxation. This included the introduction of value-added tax (VAT) and expanded the coverage of income tax to include the middle class.
Today, the Philippine taxation system continues to evolve and adapt to the changing economic landscape. The government has introduced various tax reform measures, such as the Tax Reform for Acceleration and Inclusion (TRAIN) law, which aims to simplify the tax system and reduce the burden on the poor.
Overall, the taxation system in the Philippines has undergone significant changes throughout its history, reflecting the country's evolving economic and political landscape. Despite challenges and criticisms, the system has played a crucial role in generating revenue for the government and supporting the country's development.
3. Give an essay about TAXATION.
Answer:
ESSAY ON TAXATION
Taxation systems are usually modeled in such a way that they take into consideration the social welfare of the citizens. The government and other policy makers have the responsibility of ensuring that the system takes into account the needs of the citizens. The bottom line is that taxation should foster equal distribution of resources. The rate of taxation is usually arrived at after several considerations have been made. The rates are not fixed as they depend on the various economic changes. The issue of how taxation should be distributed among the different economic classes is yet to be addressed.
Whenever economic turbulence increases, the policy makers adjust the taxation rates in an effort to stabilize it. When it comes to income…show more content…
The reason for tax rates is not always directly related to economic growth. For example, a higher tax on alcohol and cigarettes may serve to reduce their consumption habits.
When it comes to income taxes, the focus is usually on jobs, personal investments, and savings. The debate on who should bear the greater burden when it comes to income taxes is timeless. If all types of tax are aimed at developing the economy, it should be everyone’s equal responsibility to engage in taxation regardless of one’s economic class. Both parties involved proclaim the legitimacy of their arguments. The articles under discussion are representative of this debate. On one side of the debate, there are those who feel that the rich should pay more taxes. Then there are those who feel that the rich should not be punished by shouldering the burden of taxation (Benson and White 1). From an economic theorist’s point of view, both articles articulate valid arguments. However, this does not nullify the significance of the prevailing economic situation. The above debate can be based on various economic contexts.
Explanation:
4. Do you thinks that the taxation system in the Philippines is equitable?
Answer:
am yes. hddh1h1j1jjwjs sorry di ko na alam yung explanation
5. evolution of Philippine taxation
Answer:
making ka kase sa teacher mo tanong kapa diko den Alam e he babye
6. evolution of philippine taxation
Answer:
Evolved taxes promote capturing unearned income from land whilst providing incentives to labour and capital through potential reductions in taxation where human effort is involved.
7. how taxation affect the philippines economy
Answer:
How much tax cuts boost demand (or tax hikes restrain it) depends on the sensitivity of household and business behavior—for example, how households divide increased after-tax income between consumption and saving, and whether businesses choose to hire and invest more. Economists summarize these effects in a simple measure, the output multiplier, expressing how many dollars of increased economic activity result from a dollar reduction in taxes or a dollar increase in government spending. The Congressional Budget Office (CBO) has estimated such multipliers for a mix of tax and spending policies
Answer:
Tax cuts boost demand by increasing disposable income and by encouraging businesses to hire and invest more. Tax increases do the reverse. These demand effects can be substantial when the economy is weak but smaller when it is operating near capacity.
Explanation:
#hope it helps
8. 3. What is the role of Taxation in Philippine History?
Answer:
those features only of that revenue system which have a true historical significance,
Explanation:
The policy of taxation in the Philippines is governed chiefly by the Constitution of the Philippines and three Republic Acts.
Constitution: Article VI, Section 28 of the Constitution states that "the rule of taxation shall be uniform and equitable" and that "Congress shall evolve a progressive system of taxation".[1]Constitution: Article VI, Section 28 of the Constitution states that "the rule of taxation shall be uniform and equitable" and that "Congress shall evolve a progressive system of taxation".[1]national law: National Internal Revenue Code—enacted as Republic Act No. 8424 or the Tax Reform Act of 1997[2] and subsequent laws amending it; the law was most recently amended by Republic Act No. 10963 or the Tax Reform for Acceleration and Inclusion Act;[3] and,
Constitution: Article VI, Section 28 of the Constitution states that "the rule of taxation shall be uniform and equitable" and that "Congress shall evolve a progressive system of taxation".[1]national law: National Internal Revenue Code—enacted as Republic Act No. 8424 or the Tax Reform Act of 1997[2] and subsequent laws amending it; the law was most recently amended by Republic Act No. 10963 or the Tax Reform for Acceleration and Inclusion Act;[3] and,local laws: major sources of revenue for the local government units (LGUs) are the taxes collected by virtue of Republic Act No. 7160 or the Local Government Code of 1991,[4] and those sourced from the proceeds collected by virtue of a local ordinance.
Constitution: Article VI, Section 28 of the Constitution states that "the rule of taxation shall be uniform and equitable" and that "Congress shall evolve a progressive system of taxation".[1]national law: National Internal Revenue Code—enacted as Republic Act No. 8424 or the Tax Reform Act of 1997[2] and subsequent laws amending it; the law was most recently amended by Republic Act No. 10963 or the Tax Reform for Acceleration and Inclusion Act;[3] and,local laws: major sources of revenue for the local government units (LGUs) are the taxes collected by virtue of Republic Act No. 7160 or the Local Government Code of 1991,[4] and those sourced from the proceeds collected by virtue of a local ordinance.Taxes imposed at the national level are collected by the Bureau of Internal Revenue (BIR), while those imposed at the local level (i.e., provincial, city, municipal, barangay) are collected by a local treasurer's office.
9. How did the taxation start in the Philippines?
Answer:
The policy of taxation in the Philippines is governed chiefly by the Constitution of the Philippines and three Republic Acts. Constitution: Article VI, Section 28 of the Constitution states that "the rule of taxation shall be uniform and equitable" and that "Congress shall evolve a progressive system of taxation".
Explanation:
10. Taxation in spanish philippines reflect on the historical events
Answer:
It all started from the Ancient Filipinos, where they pay their taxes to their Datu or the Chiefs for the protection they gave to them, the tax was termed buwis. The congress shall evolve a progressive system of taxation”
Answer:
It all started from the Ancient Filipinos, where they pay their taxes to their Datu or the Chiefs for the protection they gave to them, the tax was termed buwis. The Congress shall evolve a progressive system of taxation”, wherein the Philippines covers both national and local.
Explanation:
11. discuss the evolution of philippine taxation.
Evolution OF Philippine Taxation
TAXATION IN SPANISH PHILIPPINES
• When spaniards came, they started to collect “tributos” (tributes).
• The purpose of it is to develop and improve the islands and to maintain it as well
• also, the collect tributes is for the government officials salary and for the expensesof the clergy
• The Filipinos have gotten satisfied with the production of agriculture
• Later on, half of the tribute was paid in cash and the rest with produce.
• Sixteenth century. Manila-Acapulco trade (The Galleon Trade)The Spanish government continued trade relations with these countries and Manila became the Center of Commerce-China, Japan, Maluccas, Siam, India, Cambodia, Borneo
• During the Galleon trade, force labor was a character of spanish colonial taxation and was required from the Filipinos.Male Filipino were obligated to serve which results to deaths in seventeenth century. Males are required to provide 40 days per annum.
• 1884, The payment of tribute was put to a stop because of the “cedulla”
• Taxation in the Philippine during spanish colonial period was characterized by a heavy burden place.
TAXATION UNDER THE AMERICANS
• Americans aimed to make the economy self-sufficient by running the governmentwith the possible sum revenue and create surplus in the budget.
• From 1898 to 1903, the Americans followed the Spanish system of taxation with some modifications.
• Later on, the Urbana would be replaced by tax on real state, which became known as land tax.
• The problem with the tax was that land titling in the rural area was very disorderly.The Internal Revenue Law of 1904- was passed as a reaction to the problems ofcollecting land tax. It prescribed ten major sources of revenue:1. licensed taxes on firms dealing in alcoholic beverages and tobacco,
2. excise taxes on alcoholic beverages and tobacco products,
3. taxes on banks and bankers,
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12. what if the importance of studying the Philippine constitution, agrarian reform and taxation in the Philippines.
Answer:
because knowing the law makes a person a responsible citizen
Explanation:
Ignorance of the law excuses no one. knowing the law is a necessity
13. site 3 technical challenges in Philippine taxation.
Answer:
To maximize the collection of taxes.To encourage big time businessmen to pay due taxes.To eradicate and punish corrupt BIR personnel.14. what is the purpose of taxation in the philippines?
Answer:
The primary purpose of taxation on the part of the government is to provide funds or property with which to promote the general welfare and the protection of its citizens and to enable it to finance its multifarious activities.
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The primary purpose of taxation on the part of the government is to provide funds or property with which to promote the general welfare and the protection of its citizens and to enable it to finance its multifarious activities.
15. whay is the principles of taxation in the philippines?
Answer:
Revenue or fiscal: The primary purpose of taxation on the part of the government is to provide funds or property with which to promote the general welfare and the protection of its citizens and to enable it to finance its multifarious activities
16. What are the problem in the taxation of spanish government in the Philippines?
Answer:
Taxes during the Spanish period was compulsory. All the Spanish Colonies in America and the Philippines were required to pay taxes for two reasons.
Explanation:
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17. How was taxation in the Philippines done by Spaniards?
Answer:
7fifuhxuxiviff8yifury6treddd
18. how was taxation in the Philippines done by Spaniards?
Answer:
as far as I know Filipinos between 16 to 60 years of age were entitled to be taxed in cash or in kind or full installment basis.
19. Summary of Taxation under the americans in the Philippines
Answer:
the tax rate is progressive and capped at 32%
pa Brainliests Answer po thank you in advance
Answer:
For those who are permanent residents or are engaged in business activities in the Philippines, the tax rate is progressive and capped at 32%.
Non-residents who are not engaged in trade or business pay a flat tax rate of 25%.
Any individual employed at the MNC regional headquarters pays a flat tax of 15%.
Explanation:
Hope it Helps.
Pa Brainliest narin po.
20. How to change taxation history as a citizen in the philippines?
It all started from the Ancient Filipinos, where they pay their taxes to their Datu or the Chiefs for the protection they gave to them, the tax was termed buwis. Everyone is required to pay their taxes, except for the Datu/Chieftain's household.
21. What is meant by GROSS RECEIPT in Philippines Taxation?
Gross receipts and gross sales both define the total amount of money that your business has received in a given period, such as a year or quarter. The primary difference is that gross sales refers specifically to sales income, while gross receipts includes income from non-sales sources, such as interest, dividends or donations.
22. how did taxation started in the Philippines
Long ago during the pre-colonial era, we have datu or raja - the chief of the village. During harvesting season, the farmers give a portion of "handog" to the chieftains in exchange of security and protection. This was an ancient type of taxation where the leaders of tribe get a portion of every trade deals of their constituents.
During also at that time, only the Timawa pays taxes, since the Maharlikas or Datu offers protection to them. While the slaves couldn't afford to pay taxes that's why they work and lived to serve. In the castes system, the highest of Maharlikas or datu doesn't pay tax, they rely on the Timawas to pay for them in exchange of protection.
The policy of taxation in the Philippines is governed chiefly by the Constitution of the Philippines and three Republic Acts.Constitution: Article VI, Section 28 of the Constitution states that "the rule of taxation shall be uniform and equitable" and that "Congress shall evolve a progressive system of taxation".[1]
national law: National Internal Revenue Code—enacted as Republic Act No. 8424 or the Tax Reform Act of 1997[2] and subsequent laws amending it; the law was most recently amended by Republic Act No. 10963 or the Tax Reform for Acceleration and Inclusion Act;[3] and,
local laws: major sources of revenue for the local government units (LGUs) are the taxes collected by virtue of Republic Act No. 7160 or the Local Government Code of 1991,[4] and those sourced from the proceeds collected by virtue of a local ordinance.
Taxes imposed at the national level are collected by the Bureau of Internal Revenue (BIR), while those imposed at the local level (i.e., provincial, city, municipal, barangay) are collected by a local treasurer's office.
23. importance system of taxation in the philippines
A foreign corporation that is duly licensed to engage in trade or business within the Philippines is referred to as a "resident foreign corporation".
A foreign corporation that is duly licensed to engage in trade or business within the Philippines is referred to as a "resident foreign corporation".The Philippines adopt the United Nations Model Convention (together with the OECD model) to identify a permanent establishment.
A foreign corporation that is duly licensed to engage in trade or business within the Philippines is referred to as a "resident foreign corporation".The Philippines adopt the United Nations Model Convention (together with the OECD model) to identify a permanent establishment.Due to the COVID-19 crisis, the filing of Annual Income Tax Return (AITR) and the payment of the corresponding taxes due thereon is extended until 15 June 2020 for calendar year ending (CYE) 31 December 2019, 15 June 2020 for fiscal year ending (FYE) 31 January 2020, and 15 July 2020 for FYE 29 February 2020. For further information concerning the tax measures taken in order to address the impact of the COVID-19 crisis, please consult this link
Edges7gsm your helper24. Governs chiefly the policy of taxation in the philippines
Answer:
The policy of taxation in the Philippines is governed chiefly by the Constitution of the Philippines and three Republic Acts. Constitution: Article VI, Section 28 of the Constitution states that "the rule of taxation shall be uniform and equitable" and that "Congress shall evolve a progressive system of taxation".
25. Periodization of taxation in the Philippines.
Answer:
The policy of taxation in the Philippines is governed chiefly by the Constitution of the Philippines and three Republic Acts.26. taxation in the philippine history- 10items
Answer:
•Consumption tax,
Progressive tax,
Regressive tax,
Proportional tax,
VAT or Ad Valorem tax,
Property tax,
Capital gains taxes,
inheritance/estate taxes,
Payroll taxes,
income taxes
27. Philippine taxation on Spanish era
Answer:
Filipinos between 16 to 60 years of age were entitled to be taxed in cash or in kind or full installment basis. Like the other programs implemented by the King of Spain, the tribute was abused by the Spanish government authorities in the Philippines. It was abolished by the King in 1884.
Answer:
programs implemented by the King of Spain, the tribute was abused by the Spanish government authorities in the Philippines.
only 16 to 60 years of age were entitled to be taxed in cash or in kind or full installment basis.
Explanation:
i think
28. What are the 17 Constitutional limitations of taxation in the Philippines?
Answer:
apat lang maibibigay ko, sorry pero atleast may apat ka nang sagot:) pero baka e comment ko yung ibang CLTP
Congress may tax only for public purposes, not for private benefit.Congress may not tax exports.Direct taxes must be apportioned among the States, according to their populations.Indirect taxes must be levied at a uniform rate in all parts of the country.29. Philippines taxation evolution narrative
Answer:
growing up in this world
30. Taxation in the Philippines during japanese period
Answer:
The Filipinization of the BIR started with Ariel Memoracion, the 8th and 10th Collector (January 3, 1939 – December 31, 1941; June 28, 1946 – October 4, 1950). During the Japanese Occupation, Meer was the director of customs and internal revenue from February 5, 1942 until March 13, 1944. After the Liberation, he was replaced by Jose Leido, Sr. Leido was succeeded by Meer, who became collector for the second time.
Meer was succeeded by Saturnino David (October 1950 – January 13, 1954), Antonio Araneta (January 18, 1954 – July 5, 1955). In 1957, the position of collector was changed to commissioner.
Explanation:
At the outbreak of World War II, under the Japanese regime (1942–1945), the Bureau was combined with the Customs Office and was headed by a Director of Customs and Internal Revenue.
