InTax Enumeration

Question 1

Enumerate the 3 types of Non-Resident Alien taxpayers in the Philippines.

Answer 1

1. Employed by RHQs & ROHQs, Offshore Banking units and Petroleum contractors and subcontractors
2. Non-Resident Alien Engaged in Trade or Business
3. Non-Resident Alien Not Engaged in Trade or Business

Question 2

Enumerate some kinds of fringe benefits taxable under Philippine Tax Law

Answer 2

a. Housing
b. Expense account
c. Vehicle
d. Household personnel
e. Interest on loan at less than market rate to the extent of the difference between the market rate and actual rate granted
f. Membership fees, dues
g. Expenses for foreign travel
h. Holiday and Vacation expenses
I. Education assistance to the employee or his dependents
j. Life or health Insurance and other non-life insurance premiums

Question 3

List some allowable deductions for youtubers as business expenses under the NIRC?

Answer 3

a. Filming expenses
b. computer equipment
c. subscription and software licensing fees
d. internet & communication expenses
e. home office expenses
f. office supplies
g. business expenses
h. depreciation expenses
I. bank charges & shipping fees

Question 4

Enumerate the 3 inherent powers of the state.

Answer 4

Police Power
Power of Eminent Domain
Power of Taxation

Question 5

Enumerate the objects of taxation.

Answer 5

Persons
Properties
Excise Objects

Question 6

Enumerate the justification for the exercise of eminent domain.

Answer 6

Just Compensation
For Public Use
State must follow the due process law
Taking the property if necessity

Question 7

Enumerate the stages in the exercise of taxation.

Answer 7

Levy or Imposition
Assessment and Collection
Payment
Refund

Question 8

Enumerate the requisites of a valid police measure.

Answer 8

Lawful Subject
Lawful Means

Question 9

Enumerate the Nature of Tax.

Answer 9

Inherent power of sovereignty
Essentially a legislative function
For Public purposes
Territorial in Operations
Tax exemption
The strongest among all inherent powers
Subject to constitutional and inherent limitations

Question 10

Enumerate Principle of Taxation.

Answer 10

Principle of Necessity
Principle of Benefit-received of benefit-protection theory

Question 11

Enumerate the purpose of taxation

Answer 11

Revenue or Fiscal
Non-revenue or Regulatory

Question 12

Enumerate the purposes of taxes.

Answer 12

Rising Revenues
Economic Stability
Fair distribution of Income
Optimum Allocation of Resources
Protection policy
Social welfare
Higher employee level

Question 13

What are the 4r’s of taxation?

Answer 13

Revenue
Repricing
Redistribution
Representation

Question 14

Enumerate the Excise Objects.

Answer 14

Transaction
Privilege
Right
Interest

Question 15

Enumerate the scope of taxation power.

Answer 15

Plenary or Complete
Comprehensive
Supreme

Question 16

Enumerate the 1987 Philippine Constitutions Limitations.

Answer 16

Due Process Law
Equal Protection of Law
Rule of Uniformity and Equity
Non-impairment of contracts
Origination of appropriation, revenue & tariff bills
President’s power to veto separate items in revenue or tariff bills
Congress granting tax exemptions

Question 17

Enumerate the Principles of a sound tax system.

Answer 17

Fiscal Adequacy
Administrative Feasibility
Theoretical Justice or Equality

Question 18

List some certain documents in taxation.

Answer 18

Prospective Applications of Tax Laws
Imprescriptibiltiy of Taxes
Double Taxation
Escape from Taxatiion

Question 19

Enumerate the kinds of double taxation as to its validity.

Answer 19

Direct Duplicate Taxation
Indirect Duplicate Taxation

Question 20

Enumerate the kinds of double taxation as to its scope.

Answer 20

Domestic
International

Question 21

Examples of Tax Evasion.

Answer 21

1. Non-inclusion of sales
2. Deliberate fabrication of expenses
3. Forming an artificial person to evade taxation
4. Deliberately reduce taxable income
5. Malicious failure to report income to defeat tax liability

Question 22

Enumerate the several forms of tax avoidance.

Answer 22

Tax Option
Shifting
Capitalization
Transformation
Exemption
Tax Amnesty
Tax Condonation or Tax Remission

Question 23

Enumerate the forms of tax shifting.

Answer 23

Forward Shifting
Backward Shifting
Onward Shifting

Question 24

Enumerate the classification of tax exemption.

Answer 24

Expressed Exemption
Implied Exemption
Contractual Exemption

Question 25

Enumerate the essential characteristics of taxes.

Answer 25

Enforced contribution Imposed by the legislative body Proportionate in character Payable in the form of money Imposed for the purpose of raising revenue Used for a public purpose Enforced on some persons Commonly required to be paid at regular intervals Imposed by the sovereign state within its jurisdiction

Question 26

Enumerate the sources of Philippine Tax Law.

Answer 26

Constitution of the Philippines Judicial decisions Executive orders Special laws Tax treaties and conventions with foreign countries Revenue memorandum promulgated by the department of finance BIR Revenue Memorandum circulars and bureau of customs memorandum orders BIR Rulings Local government code

Question 27

Enumerate the bureaus, agencies and government corporations under the supervision of DOF.

Answer 27

Bureau of Internal Revenue Bureau of Customs Tariff Commissions Land Transportation Office Duly and Lawfully Authorized Collectors Local Offices in charge to enforce local taxation

Question 28

Enumerate the powers & duties of the BIR Commissioner.

Answer 28

To interpret provisions of the code and other tax laws Decide disputed tax assessments Power to obtain information, summon and examine testimonies Make assessment and prescribe additional requirements Compromise abates and refund or credit taxes Suspend the business operations of a taxpayer Delegation Power

Question 29

Enumerate the Kinds of Tax Assessments

Answer 29

- Self-Assessment - Prospective Assessment - Disputed Assessment - Final Assessment - Deficiency Assessment - Jeopardy Assessment - Illegal or Void Assessment

Question 30

Enumerate the ways to contest the validity of an assessment

Answer 30

- Motion for Reconsideration - Motion for Reinvestigation - Motion for Withdrawal - Motion for Collection

Question 31

Enumerate the other collection remedies

Answer 31

- Imposition of injunction - Enforcement of tax lien - Enforcement of forfeiture - Entering into compromise of tax case - Requiring the filing of bonds - Requiring proof of filing of income tax returns - Giving of rewards to informers - Making arrest, search and seizure - Deportation of aliens - Inspection of books of accounts - Use of national tax register - Imposition of civil and criminal action

Question 32

Enumerate the 2 classification of individuals income taxpayers.

Answer 32

Citizen Alien

Question 33

Enumerate the 2 kinds of citizen.

Answer 33

Resident citizen Non-resident citizen

Question 34

Enumerate the 2 kinds of alien.

Answer 34

Resident Alien Non-resident alien

Question 35

Enumerate some kinds of Fringe Benefits.

Answer 35

- Housing - Expense account - Vehicle - Household personnel - Interest on loan at less than market rate - Membership fees, dues and other expenses - Expenses for foreign travel - Holiday and vacation expenses - Education assistance to the employee or his dependents - Life or health insurance and other non-life insurance premiums

Question 36

Example of Passive Income.

Answer 36

Interest Royalties Winnings Price Dividends

Question 37

Enumerate where the social media influencers derive the income.

Answer 37

- YouTube Partner Program - Sponsored Social and Blog Posts - Display Advertising - Becoming A Brand Ambassador/Representative - Affiliate Marketing - Co-creating product lines - Promoting own products - Photo and Video Sales - Digital Courses, Subscriptions, E-books

Question 38

Enumerate the youtuber expense.

Answer 38

- Filming Expenses - Computer Equipment - Depreciation Expenses - Subscription and software licensing fees - Internet and Communication expenses - Home office expenses - Office supplies - Business expenses - Bank charges and shipping fees