RANDOM

Question 1

1. Excise taxes are imposed on:
   a. All goods sold in the Philippines
   b. Income derived from specific goods
   c. Certain goods manufactured or imported for consumption
   d. Services rendered by professionals

Answer 1

Answer: c. Certain goods manufactured or imported for consumption

Question 2

Which of the following is NOT subject to excise tax?
a. Alcoholic beverages
b. Cigarettes and tobacco products
c. Petroleum products
d. Food staples like rice and bread

Answer 2

Answer: d. Food staples like rice and bread