12 Questions
What is the power to enact laws to promote public health, public morals, public safety, and the general welfare of the people?
Police Power
Which power involves the taking of private property for public use upon payment of just compensation?
Eminent Domain
From which legitimate objective does the power of taxation flow forth?
Supporting the services of the government
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
According to Adam Smith, what is the purpose of taxation?
To defray the necessary expenses of the government
How is taxation defined in the text?
A power by which an independent state raises and accumulates revenue from its inhabitants
What is one of the objectives of taxation mentioned in the text?
Encouraging full employment
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
What is the purpose of Revenue Memorandum Orders (RMOs)?
To outline processes and procedures related to tax laws
What is the main purpose of Revenue Memorandum Rulings (RMRs)?
To clarify and interpret tax laws for taxpayers
Why cannot BIR Rulings contravene duly issued RMRs?
Because contravening RMRs would make the Rulings null and void
What is the purpose of Revenue Bulletins (RBs)?
To consolidate the BIR's position on specific issues of law or administration
Test your knowledge on the definitions and distinctions between Revenue Memorandum Orders (RMOs) and Revenue Memorandum Rulings (RMRs) issued by the Bureau of Internal Revenue.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
