IDENTIFICATION Flashcards
The current BIR Commissioner
Lilia Catris Guillermo
Under the basic principle of a sound tax system, the Government should not incur a deficit
Fiscal Adequacy
It is an enforced proportionate contribution from owners of lands for special benefits resulting from public improvements. It is not a personal liability of the person to assess.
Special Assessment
In case of conflict between tax law and generally accepted accounting principles (GAAP)
Tax Laws Shall Prevail Over GAAP
All appropriation, revenue or tariff bills, bills authorizing increase of the public debt, bills of local application, and private bills shall originate exclusively in the?
House of Representatives
Police power as distinguished from taxation
Superior to the Non-impairement Clause of the Constitution
One of the inherent limitations of the power of taxation which states that the property of a foreign State may not be taxed by another.
International Comity or Treaty
It is imposed for regulation and involves the exercise of police power.
License Fee
A power of a state to legislate for the protection of the health, welfare and morals of community.
Police Power
The law-making body referred to in the meaning of taxation is no other than which branch of the government?
Legislative
May not raise money for the government
Powee of Eminent Domain
Has no power of taxation
Barrios
It is an act, process, or means by which the Sovereign through its law making body makes demand for revenue in order to support its existence qnd carry out its legitimate objectives
Taxation
Not an element of direct duplicate taxation which voilative of the equal protection and uniformity clauses in the constitution?
Same Amount
The place or authority that has the right to impose and collect taxes
Situs
