Taxation _II. National Taxation _A. Taxing Authority

Question 1

TAXATION LAW
II. National Taxation

A. Taxing Authority

1. Jurisdiction, Power, and Functions of the Commissioner of
   Internal Revenue. Discuss

Question 2

TAXATION LAW
II. National Taxation

A. Taxing Authority

2. Rule-Making Authority of the Secretary of Finance. Discuss

Question 3

TAXATION LAW
II. National Taxation

B. Income Tax

1. Definition, Nature, and General Principles
   a) Criteria in Imposing Philippine Income Tax
   b) Types of Philippine Income Taxes
   c) Taxable Period
   d) Kinds of Taxpayers

Question 4

TAXATION LAW
II. National Taxation

B. Income Tax

2. Income
   a) Definition and Nature
   b) When Income is Taxable

Discuss.

Question 5

TAXATION LAW
II. National Taxation

B. Income Tax

2. Income

c) What are the 3 Tests in Determining Whether Income is Earned for Tax Purposes? Discuss each

d) Tax-Free Exchanges
e) Situs of Income Taxation

Question 6

TAXATION LAW
II. National Taxation

B. Income Tax

2. Income

d) Tax-Free Exchanges
e) Situs of Income Taxation

Discuss.

Question 7

TAXATION LAW
II. National Taxation

B. Income Tax

3. Gross Income
   a) Definition
   b) Concept of Income from Whatever Source Derived

Discuss.

Question 8

TAXATION LAW
II. National Taxation

B. Income Tax

3. Gross Income

c) Gross Income vs. Net Income vs. Taxable Income

Question 9

TAXATION LAW
II. National Taxation

B. Income Tax

3. Gross Income

d) Sources of Income Subject to Tax
(1) Compensation Income
(2) Fringe Benefits
(3) Professional Income
(4) Income from Business
(5) Income from Dealings in Property
(6) Passive Investment Income
(7) Annuities, Proceeds from Life Insurance or Other Types of Insurance
(8) Prizes and Awards
(9) Pensions, Retirement Benefit or Separation Pay
(10) Income from Any Source

Question 10

TAXATION LAW
II. National Taxation

B. Income Tax

3. Gross Income

e) Exclusions
(1) Taxpayers Who May Avail
(2) Distinguished from Deductions and Tax Credits

Question 11

TAXATION LAW
II. National Taxation

B. Income Tax

4. Deductions from Gross Income
   a) Concept as Return of Capital
   b) Itemized Deductions vs. Optional Standard Deduction
   c) Items Not Deductible

Question 12

TAXATION LAW
II. National Taxation

B. Income Tax

5. Income Tax on Individuals
   a) Resident Citizens, Non-Resident Citizens, and Resident
   Aliens
   (1) Inclusions and Exclusions for Taxation on Compensation Income
   (2) Taxation of Business Income/Income from Practice of Profession
   (3) Taxation of Passive Income
   (4) Taxation of Capital Gains
   (5) Capital Asset vs. Ordinary Asset
   b) Income Tax on Non-Resident Aliens Engaged in Trade or Business
   c) Income Tax on Non-Resident Aliens Not Engaged in Trade or Business
   d) Individual Taxpayers Exempt from Income Tax
   (1) Senior Citizens
   (2) Minimum Wage Earners
   (3) Exemptions Granted Under International Agreements