Taxation - Answers Power to raise revenue from citizens for government expenses
Police power - Answers Regulates liberty and property for public welfare
Eminent domain - Answers Power to acquire private property for public use with compensation
Revenue - Answers Funds raised through taxation for...
Taxation - Answers Power to raise revenue from citizens for government expenses
Police power - Answers Regulates liberty and property for public welfare
Eminent domain - Answers Power to acquire private property for public use with compensation
Revenue - Answers Funds raised through taxation for government needs
Direct tax - Answers Tax directly imposed on individuals or entities
National Internal Revenue Laws - Answers Laws governing taxation in the country
Scope of taxation - Answers Power of taxation is supreme, plenary, and comprehensive
Limitation on taxation - Answers Tax must be for public purposes
Legislative power - Answers Authority to create tax laws
Executive power - Answers Authority to implement tax laws
Assessment - Answers Government's effort to determine tax due from a taxpayer
Collection - Answers Effort to collect taxes from taxpayers
Congress - Answers Body responsible for imposing taxes
Revenue bill - Answers Bill proposing taxes, originating from the House of Representatives
Inherent powers - Answers Powers essential for state function, exercised by the state
Property rights - Answers Rights to own, use, and dispose of property
Just compensation - Answers Fair payment for property taken by the government
Public welfare - Answers Promotion of well-being for the general population
License fees - Answers Fees paid for permission to engage in certain activities
Fiscal adequacy - Answers Tax amount proportional to taxpayer's ability to pay
Administrative feasibility - Answers Ease of tax implementation and collection
Equality or theoretical justice - Answers Fairness and equality in tax imposition
Revenue generation - Answers Creation of income for government expenses
Special assessment - Answers An enforced proportional contribution from landowners benefiting from a
public improvement, not a personal liability.
, Tax exemption - Answers The privilege of not being imposed a financial obligation others are subject to,
like tax credit or incentive.
Tax evasion - Answers The use of illegal or fraudulent means to avoid or defeat tax payment.
Tax avoidance - Answers The use of legal or permissible means to minimize or avoid taxes.
Tax dodging - Answers Synonymous with tax evasion, not tax exemption or minimization.
Tax statutes construction - Answers In case of doubt, tax statutes are construed strictly against the
government and the taxpayer.
Tax exemptions construction - Answers In case of doubt, tax exemptions are construed strictly against
the government and the taxpayer.
Tax Code vs. PAS - Answers In case of conflict, Philippine Accounting Standards (PAS) shall prevail over
the Tax Code.
Personal, poll or capitation tax - Answers A fixed amount tax imposed on all residents within a specified
territory, not based on property or income.
Excise tax - Answers Tax imposed on the performance of an act, privilege enjoyment, or occupation
engagement.
Indirect tax - Answers Tax demanded with the expectation that the burden will be shifted to another
person.
Specific tax - Answers Tax imposing a specific sum by head, number, weight, or measurement, requiring
no assessment.
Ad-valorem tax - Answers Tax based on a fixed proportion of the property's value, not a specific sum.
Proportional tax - Answers Tax based on a fixed percentage of the property, income, or basis to be
taxed.
Progressive tax - Answers Tax where the rate increases as the tax base increases.
Regressive tax - Answers Tax where the rate decreases as the tax base increases.
Income tax liabilities - Answers Inhabitants pay even during foreign occupation.
Retroactive taxes - Answers May be imposed by law but must be expressed for retroactive application.
Political tax laws - Answers Legislative in nature.
Constitutional tax limitation - Answers No imprisonment for debt or non-payment of tax.
Tax distinction from permit fee - Answers Tax is not limited by regulation costs.
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