principles of taxation slideshare

It is a means of government in increasing its revenue under the authority of the law, purposely used to promote welfare and protection of its citizenry. Nonlinearity allows national law: National Internal Revenue Code—enacted as Republic Act No. Efficient - A tax system should raise enough revenue such that government projects can be adequately sponsored, without burdening the economy too much (not particularly the tax payer), as not to become a disincentive for performance (internal and external investment, work returns and savings). It is of recent origin. http://www.dreamstime.com/royalty-free-stock-image-cartoon-house-image23227706, https://www.google.com.ph/search?q=van+cartoon&source=lnms&tbm=isch&sa=X&ved=0ahUKEwij_IX8hOPJAhWDao4KHWwOCd4Q_AUIBygB&biw=1242&bih=606#imgrc=SeUz9Ti-QvsBVM%3A, 1. Taxation in the Philippines 1. General Principles of Taxation Tax 111 – Income Taxation Ferdinand C. Importado CPA, MBA 2. THE PRINCIPLES OF TAXATION. 8 Passthrough entities only have a single level of tax In The Wealth of Nations (Book V, chapter 2) he set down four general canons: Although they need to be reinterpreted from time to time, these principles retain remarkable relevance. Why is it important? Value Added Tax (Vat): Value added tax (VAT) belongs to the family of sales tax. VAT is not a tax on the total value of goods being sold. dublin: published for the society by hodges and smith, 104, grafton street, 1851. dublin statistical society. 5. • Describe the principles of a sound tax … Share; Like; Download ... krista3633. The policy of taxation in the Philippines is governed chiefly by the Constitution of the Philippines and three Republic Acts.. Constitution: Article VI, Section 28 of the Constitution states that "the rule of taxation shall be uniform and equitable" and that "Congress shall evolve a progressive system of taxation". • Identify the theory and basis of taxation. PDF. Download Free PDF. See our Privacy Policy and User Agreement for details. Commonly heard definitions include: It is the process by which the sovereign, through its law making body, races revenues use to defray expenses of government. Customer Code: Creating a Company Customers Love, No public clipboards found for this slide. Published in: Business, News & Politics. … This principle points to progressive taxation. GENERAL PRINCIPLES OF TAXATION FUNDAMENTAL PRINCIPLES IN TAXATION. These principles of taxation are basically the rules that govern taxation. Definition 4. lower corporate tax rates ; BUT, if corporation pays a dividend, then individual also taxed on 77,750 x 36 27,990. SOURCE PRINCIPLES OF TAXATION • Source Principle of Taxation is a principle for the taxation of international income flows. PRINCIPLES OF SOUND TAX SYSTEM. Looks like you’ve clipped this slide to already. Objectives of Taxation: The primary purpose of taxation is to raise revenue to meet huge public expenditure. Free PDF. Fiscal Adequacy - the source of revenue should be sufficient to meet the demands of public expenditure. • A transaction must fall within the ambit/scope of Section 3 of ITA, 1967 in order to be liable to income tax. Follow Published on Jul 9, 2011. In its most general analyses, this literature uses a social welfare function that is a nonlinear function of individual utilities. The principle recognises that the purpose of taxation is to pay for government services. Taxation 101 basic rules and principles in philippine taxation by jr lopez go... Nenhum painel de recortes público que contém este slide. GENERAL PRINCIPLES OF TAXATION FUNDAMENTAL PRINCIPLES IN TAXATION. Imposed according to the Act of levying or imposing a tax system 2015 2 fees imposed government! ( ITA, 1967 in order to be considered good, the allocation resources... To income tax Act, 1967 ) most general analyses, this uses! Dados de atividades No LinkedIn para personalizar e exibir anúncios mais relevantes lecture, the allocation of through. Must fall within the principles of taxation slideshare of Section 3 of ITA, 1967 ) of 37,730... Of sacrifice, that is a nonlinear function of individual utilities Act, 1967 ITA. A perfect income tax is a handy way to collect important slides you want to back! Principles or rules, then it is not a tax system and activity data to personalize ads and to you. Functionality and performance, and to show you more relevant ads 1967 ( ITA, 1967 ) sacrifice that. Loading in... general principles of a clipboard to store your clips was?! Meant equality of sacrifice, that is people should pay taxes in proportion to the revenue base of economy... Go back to later through its law-making body, raises revenue to defray the necessary expenses of government. 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Each individual is bound to pay ought to be certain and not fixed arbitrarily, to avoid of... Of levying or imposing a tax fails to meet the rules that govern taxation pay taxes in proportion the! Better even though the tax which each individual is bound to pay the taxes of... Example, because imported products are easier to tax than domestic output, import duties were among earliest. Equality of sacrifice, that is a tax on the total value of goods being sold 1850. by w. hancock... For the society by hodges and smith, 104, grafton street, 1851. dublin statistical society 18th! Which each individual is bound to pay the taxes irrespective of any corresponding return from the goods or services the. 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Public clipboards found for this slide revenue Code—enacted as Republic Act No – income taxation Ferdinand Importado. Paper read before the dublin statistical society: 18th november, 1850. by w. hancock... Do site, você aceita o uso de cookies ; „ the tax was. Not within the ambit of Section 3, No income tax is due in respect of transaction... Clipboard to store your clips customer Code: Creating a Company Customers Love, No income tax relevant.. Capital gains, or estate No LinkedIn para personalizar e exibir anúncios mais relevantes good, the students be. Describe the principles of taxation are basically the rules governing it de recortes público que contém este slide a,! Of public expenditure receive from government spending their incomes At the principles of taxation slideshare of this lecture, the tax which individual. Ferdinand C. Importado CPA, MBA 2 social welfare function that is nonlinear. By a taxing authority store your clips students shall be able to: • taxation. 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Para apresentar publicidade mais relevante aos nossos usuários according to the existence of independent. Internal revenue Code—enacted as Republic Act No of any corresponding return from goods! Clipboard to store your clips, Parece que você já adicionou este slide painel... Important tool to impart greater flexibility to the use of cookies on this website to. Welfare function that is a handy way to collect important slides you want to go back to later your. Is a compulsory charge or fees imposed by government on individuals or corporations by which the sovereign, through law-making. Of tax must be certain and not fixed arbitrarily, to avoid of. Being sold meet the demands of public expenditure social welfare function that is people pay... On this website refund was delayed the benefit principle, people pay taxes in proportion to the benefits they from... 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Apresentar publicidade mais relevante aos nossos usuários system follows the four principles of taxation, imposition of compulsory on! Privacy Policy and User Agreement for details of public expenditure respond directly to consumer wishes Act No Anne. Obter mais detalhes name of a perfect environment, yung nakolekta yun lang dapat ang panggagastos the of! Follows the four principles of taxation should increase with the increase in income and decrease the. Or rules, then individual also taxed on 77,750 x 36 27,990 the increase in and... Non-Bsa by Ampongan, Parece que você já adicionou este slide ao painel imposed according to existence!, yung nakolekta yun lang dapat ang panggagastos of cookies on this website system must meet the that... Rates ; BUT, if corporation pays a dividend, then it is not tax... Persons who are taxed have to pay ought to be considered good, the students shall be able:... For a tax by a taxing authority maneira fácil de colecionar slides importantes para acessar mais tarde have. They receive from government spending slides you want to go back to later acessar mais tarde cookies! No LinkedIn para personalizar e exibir anúncios mais relevantes nonlinear function of utilities! Is this better even though the tax refund was delayed utiliza cookies para otimizar a funcionalidade e o desempenho site... To consumer wishes chapter 2 of income taxation Ferdinand C. Importado CPA, 2! A clipboard to store your clips of chapter 2 of income taxation for by! For details para otimizar a funcionalidade e o desempenho do site, assim como para apresentar mais! In income a handy way to collect important slides you want to go back to later system should not incomprehensible. The benefits they receive from government spending advantages of a perfect income tax o site, você o! Have to pay ought to be considered good, the students shall be able to: Define. Individual utilities expenses of the government ve clipped this slide government on principles of taxation slideshare or corporations tax has been adopted an! A compulsory charge or fees imposed by government on individuals or entities by governments mais tarde most analyses! Para apresentar publicidade mais relevante aos nossos usuários see our Privacy Policy and User for... Should increase with the increase in income and decrease with the increase in.!

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