Questions and Answers
Which legislation provided for income taxation in the Philippines for the first time?
United States Revenue Act of 1913
When was the National Internal Revenue Code of 1997 passed by the National Assembly?
June 15, 1939
Which Act amended the Revenue Act of 1913 by the so-called War Revenue Act of 1917?
Revenue Act of 1916
Which law renamed the Code as the National Internal Revenue Code of 1997 and effected substantial changes on the Income Tax Law of the Philippines?
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When was the Revenue Act of 1913 made retroactive and applicable to income earned?
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What is the nature of taxation according to the text?
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Who exercises the power of taxation according to the text?
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What is the primary objective of taxation as per the text?
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When does the existence of taxation commence according to the text?
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What must public taxes be used for according to the text?
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