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Quiz 1-Principles of Taxation

1. Regulatory tax is intended to achieve some social or economic end. 2. One of the essential characteristics of a tax is that it is an enforced contribution. 3. Income tax is an excise tax.

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Melany Permosil Galaura
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1K views

Quiz 1-Principles of Taxation

1. Regulatory tax is intended to achieve some social or economic end. 2. One of the essential characteristics of a tax is that it is an enforced contribution. 3. Income tax is an excise tax.

Uploaded by

Melany Permosil Galaura
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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QUIZ 1 – PRINCIPLES (TRUE OR FALSE)

1. Regulatory tax is intended to achieve 21. One of the essential characteristics of a


some social or economic end. tax is that it is an enforced contribution.
2. Special assessment is levied only on 22. Income tax is an ad valorem tax.
land and is a personal liability of the 23. Income tax is an excise tax.
person assessed. 24. Taxes imposed under special laws are
3. Not all taxes imposed and collected by not tax laws.
the Bureau of Internal Revenue are 25. Community tax is a poll tax.
internal revenue taxes. 26. The power of taxation is inherent in
4. Even in the absence of any sovereignty.
constitutional provision, taxation power 27. Taxes on distilled spirits, fermented
falls under Congress as part of the liquors and the like are specific taxes.
general power of lawmaking. 28. In the case of intangible personal
5. Toll is a demand of proprietorship, is property, as a rule, situs is the domicile
paid for the use of another’s property of the owner even if he has acquired a
and may be imposed only by the situs in another place.
government. 29. Real estate tax is a national tax.
6. The Bureau of Internal Revenue 30. In determining the situs of taxation, the
functions under the supervision and nature of tax is not to be considered at
control of the Bureau of Treasury. all.
7. There two kinds of double taxation – 31. Taxation means by which the
evasion and avoidance. government raises income.
8. Penalty is designed to regulate conduct 32. Incase of conflict, GAAP shall prevail
and may be imposed by the over tax laws.
government, private individuals or 33. Income means all wealth which flows
entities. into the taxpayer other than a mere
9. Progressive tax is not imposed in the return of capital.
Philippines 34. Internal revenue laws is generally
10. Subject to review by the Secretary of prospective in nature.
Finance, the BIR Commissioner has 35. License and fees is the proportional
the exclusive power to interpret contribution by persons and property
provisions of the NIRC and other tax levied by the lawmaking body of the
laws. Sate by virtue of its sovereign for the
11. Income, unless otherwise specified, support of the government and all
means cash or its equivalent. public needs.
12. The Constitution is a source of tax 36. Income tax is always based on gross
laws. amount
13. Income tax is a tax on all yearly profits 37. Taxation is one which involves an
arising from property, profession, trade exercise of police power
or business. 38. Citizenship, in determining the situs, is
14. The levying of tax is essentially an not a factor to consider
administrative function. 39. Collection of tax is among the basic
15. Donor’s tax is a direct tax. principles of a sound tax system.
16. Excise taxes on specific goods 40. One of the characteristics of a tax is
imposed under the National Internal that it is generally payable in money.
Revenue Code are always specific. 41. The state can have the power of
17. Tax evasion is known as tax taxation even if the Constitution does
minimization while tax avoidance is not expressly give it the power to tax.
known as tax dodging. 42. Taxation is a means by which the
18. Import and export duties are provided national government attempts to
for in the Tariff and Customs Code of maintain price stability.
1978. 43. Non-payment of poll tax does not
19. In a gratuitous transfer of property, necessarily render the business illegal
situs is the taxpayer’s residence, 44. Non-payment of income taxes does not
citizenship or location of the property. necessarily render the business illegal
20. Indirect double taxation is 45. Import duty is a national internal
unconstitutional. revenue tax.

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