30 Questions
What happened to the revenue structure from 1960-1964 compared to 1965-1971?
Tax revenue decreased, non-tax revenue increased, and borrowing increased
What was the order of the revenue structure during the period covered?
Tax revenue, public borrowings, earnings and other credits, extraordinary income, capital revenue
What was the increase in per capita revenue from 1986 to 1990?
From P2,388 to P3,290
What was the main reason for the increase in population growth rate in the second half of the eighties?
Increase in per capita revenue
What was the trend in tax revenue, non-tax revenue, and borrowing from 1960-1964 to 1965-1971?
Tax revenue decreased, non-tax revenue increased, and borrowing increased
What was the most important source of revenue compared to non-tax revenue during the period covered?
Public borrowings
What is the primary objective of Republic Act No. 11976, also known as the Ease of Paying Taxes Act?
To modernize the Philippine taxation system through digitalization initiatives
How does the Ease of Paying Taxes Act categorize taxpayers?
Into micro, small, medium, and large groups
What is one of the key features of the Ease of Paying Taxes Act?
It allows electronic or manual filing of returns and tax payments to the BIR
What is the significance of the elimination of the Annual Registration Fee (ARF) for business taxpayers?
It simplifies tax processes and fosters accessibility for taxpayers
As of December 2023, what is the tax revenue to GDP ratio in the Philippines?
12.6%
What is the time period covered by the historical data on the Philippines's tax revenue as a percentage of GDP?
March 1985 to December 2023, with 156 observations
What is the main reason indirect taxes account for a larger share of tax revenue in developing countries?
Indirect taxes are easier to administer than direct taxes.
What percentage of tax collections did indirect taxes account for on average from 1960-1990 in the Philippines?
74%
In which year did indirect taxes account for the highest share of total tax revenues in the Philippines?
1979
What is another reason cited in the text for the prevalence of indirect taxes in developing countries?
There is less resistance to indirect taxes than direct taxes.
According to the data provided, what was the share of direct taxes in the Philippines in 1988?
31%
Which statement is NOT true according to the information provided in the text?
Direct taxes are more progressive and equitable than indirect taxes.
What is the primary concern regarding the increasing share of borrowings in national revenues?
It raises concerns about public debt in developing countries.
What was the lowest percentage of total revenues that borrowings accounted for during the period from 1960 to 1990?
0.8%
What is the potential impact of lowering the schedule of marginal tax rates for personal income, according to the text?
It will not make the tax less progressive if accompanied by broadening measures.
What is the reason given in the text for high tax rates encouraging tax evasion?
High tax rates apply to a significant segment of the population.
What is the purpose of including income sources that were previously excluded from the tax base?
To weigh heavily in the total income of higher income groups.
What does the text suggest about the proportion of borrowings in national revenues if government corporations are included?
It would be much higher.
What is the primary purpose of public borrowings in the Philippine fiscal system?
To finance infrastructure and capital improvements
Which of the following is NOT a type of revenue source mentioned in the text?
Personal income tax
What is the role of public borrowings in the Philippine fiscal system, according to the text?
It is used to compensate for fluctuations in the economy and balance the budget
What is the definition of import tax according to the text?
A tax levied on imported materials to control their entry into the local market
Which type of revenue source does the text describe as 'cover all other taxes not covered by the above-listed categories'?
Miscellaneous taxes
What is the definition of capital revenues according to the text?
Proceeds from sales of fixed capital assets or scrap thereof and public domain and gains on such sales
Test your knowledge on public finance and revenue structure by analyzing the increase in governmental revenues from 1986 to 1990. This quiz covers topics such as tax revenue, non-tax revenue, and public borrowings based on provided figures and data.
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