Taxation & Constitution Flashcards
the whole number of people or inhabitants in a country or region
POPULATION
is the system to govern a state or community
GOVERNMENT
a geographic area belonging to or under
the jurisdiction of a governmental authority
TERRITORY
authority, in the decision-making process of the state
SOVEREIGNTY
The power of the State to regulate Liberty, and
property for the promotion of the general welfare.
POLICE POWER
“salus populi est suprema lex” –
The welfare of the people is the supreme law.
to forcibly acquire private property, upon payment of just compensation, for some intended public use.
POWER OF EMINENT DOMAIN
to demand from the members of the society their proportionate share or contribution in the maintenance of the government. It is a mode of raising revenue for public purposes.
POWER OF TAXATION
mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the
costs of general government services, goods, and activities.
TAX
practice of collecting taxes (money) from citizens based on their earnings and property.
TAXATION
a tax on the production, sale or consumption of a commodity in a country.
Excise Tax
a percentage of the total cost of a good or service.
Value Added Tax
Taxes on imported goods; imposed with the aim of strengthening domestic businesses.
Tariff or Import Duty
tax paid on property owned by an individual or other legal entity, such as a corporation.
Property Tax
paid in place of residence of the individual or in the place where the principal office of the juridical entity is located.
Community Tax
percentage of generated income that is relinquished
Income Tax
person legally authorized to practice his profession shall pay the professional tax to the province where he practices his/her profession
Professional Tax
signed in to law by Former President Duterte on December 19, 2017 in Malacañang.
RA 10963
due to failure or refusal to pay
CIVIL LIABILITY
PURPOSE OF TAXATION
- Reduction of Social Inequality
- Encourage the Growth of Local Industries
- Protection of Local Industries Against Unfair competition Implementation of the Police Power
s to generate revenue while license fees are imposed for regulatory purposes.
TAXING POWER
a demand of proprietorship, an amount charged for the maintenance of the property used
Toll
demand of sovereignty for the purpose of raising revenue.
tax
punishment for the commission of a crime.
penalty
is an immunity from civil liability only. It is an immunity or privilege, a freedom from charge or burden of which others are subjected.
TAX EXEMPTION
is an immunity from all criminal and civil obligations arising from non-payment of taxes.
TAX AMNESTY
“CONGRESS SHALL EVOLVE A
PROGRESSIVE SYSTEM OF TAXATION.”
ART. 6 SEC. 28 (1) PHILIPPINE CONSTITUTION
“NO LAW GRANTING ANY TAX EXEMPTION SHALL BE PASSED WITHOUT THE CONCURRENCE OF A MAJORITY OF ALL MEMBERS OF CONGRESS.”
ART. 6 SEC. 28 (4) PHILIPPINE CONSTITUTION
“CHARITABLE INSTITUTIONS, CHURCHES, AND PARSONAGES OR CONVENTS APPURTENANT THERETO, MOSQUES, NON- PROFIT CEMETERIES, AND ALL LANDS, BUILDINGS, AND IMPROVEMENTS ACTUALLY, DIRECTLY, AND EXCLUSIVELY USED FOR RELIGIOUS, CHARITABLE, OR EDUCATIONAL PURPOSES SHALL BE EXEMPT FROM TAXATION.”
ART. 6 SEC. 28 (3) PHILIPPINE CONSTITUTION
a set of rules that guide a country, state, or other political organization works.
CONSTITUTION
Responsibilities
Power