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BIR Issuances and Rulings Defined

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Questions and Answers

What is the power to enact laws to promote public health, public morals, public safety, and the general welfare of the people?

Taxation

Territorial Power

Eminent Domain

Police Power (correct)

Which power involves the taking of private property for public use upon payment of just compensation?

Eminent Domain (correct)

Taxation

Territorial Power

Police Power

From which legitimate objective does the power of taxation flow forth?

Supporting the services of the government (correct)

Promoting public health

Exercising laws for public welfare

Taking private property for public use

Under what condition can the power to tax be exercised beyond the territorial jurisdiction of the taxing authority?

Privity of relationship between the taxing state and the object of tax Signup and view all the answers

According to Adam Smith, what is the purpose of taxation?

To defray the necessary expenses of the government Signup and view all the answers

How is taxation defined in the text?

A power by which an independent state raises and accumulates revenue from its inhabitants Signup and view all the answers

What is one of the objectives of taxation mentioned in the text?

Encouraging full employment Signup and view all the answers

What is the nature of taxation power according to the text?

A power by which an independent state raises and accumulates revenue from its inhabitants Signup and view all the answers

What is the purpose of Revenue Memorandum Orders (RMOs)?

To outline processes and procedures related to tax laws Signup and view all the answers

What is the main purpose of Revenue Memorandum Rulings (RMRs)?

To clarify and interpret tax laws for taxpayers Signup and view all the answers

Why cannot BIR Rulings contravene duly issued RMRs?

Because contravening RMRs would make the Rulings null and void Signup and view all the answers

What is the purpose of Revenue Bulletins (RBs)?

To consolidate the BIR's position on specific issues of law or administration Signup and view all the answers