Taxation Assessment: Understanding Principles and Theories

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Which statement is not correct regarding the power of taxation?

Taxation power is a discretion of the State and can be exercised without any limitation (correct)

The State can tax anything at any time and at any amount

Taxes may be imposed not only to raise revenue but also to provide incentives and regulate certain activities

The power of taxation is limited by the Constitution

What is the scope of taxation power?

Plenary

Unlimited

Absolute (correct)

Comprehensive

Which statement is true about the power of taxation and police power?

Both powers have the same scope and limitations

The power of taxation is not related to police power

The power of taxation is broader than police power (correct)

Police power is broader than taxation power

Which inherent power is dependent on and provided for in the Philippine Constitution?

All of the above Signup and view all the answers

Which branch of the government exercises the power of taxation?

Legislative branch Signup and view all the answers

What is the limitation of the power of taxation?

The due process clause Signup and view all the answers

What is the primary purpose of taxation?

To distribute the cost or burden of government to the people Signup and view all the answers

Which of the following is NOT a general consideration of the government in distributing the cost or burden of taxation?

Tax is the lifeblood of the country Signup and view all the answers

What is the basis of taxation?

The reciprocal duties of protection and support between the government and its people Signup and view all the answers

What is a manifestation of taxation being an inherent power of the government?

Taxes may be imposed even without a constitutional grant Signup and view all the answers

Which statement is true about a sovereign state's power of taxation?

A sovereign state can have the power of taxation even if the Constitution does not expressly state its power to tax Signup and view all the answers

What is the relationship between the provisions in the Constitution on the power of taxation and the power of taxation itself?

The provisions in the Constitution are limitations on the power of taxation Signup and view all the answers

What is the tax status of the income of an educational institution operated by a religious order?

Subject to income tax Signup and view all the answers

Which power of the government is shared by the legislative and executive departments?

Power of taxation Signup and view all the answers

What is the inherent limitation of the power of taxation?

All government transactions are tax exempt Signup and view all the answers

What is the condition for the State to validly exercise its power of taxation?

The power of taxation must be expressly granted by law or the constitution Signup and view all the answers

Who has the power to levy tax?

The legislative branch Signup and view all the answers

Which of the following is a correct statement about the power of taxation?

It is a plenary and supreme power that can reach over into any jurisdiction Signup and view all the answers

What is the correct statement about the taxation of land where embassies of foreign governments are located?

The land is subject to real estate tax Signup and view all the answers

What is the principle of taxation that requires tax to operate with the same force and effect in every place?

Uniformity of taxation Signup and view all the answers

Which limitation of the power of taxation is exemplified where those with different incomes are made to pay different rates of tax?

Equal protection Signup and view all the answers

What is the theory that explains the exemption of educational institutions from taxation?

The Benefit-Protection Theory Signup and view all the answers

What is the principle of taxation that means individuals should be asked to pay taxes according to their ability to pay?

Equity in taxation Signup and view all the answers

What can be delegated outside the legislative branch?

Computation of the amount of tax to be paid by the taxpayer Signup and view all the answers

How much dividend is subject to income tax?

P0 Signup and view all the answers

What is the treatment on the sale of goods and/or services by a VAT-registered seller to registered export enterprises enjoying fiscal incentives under the CREATE Act?

The sale is VAT zero rated. Signup and view all the answers

What is the treatment on the sales by registered non-export enterprises or Domestic Market Enterprises located in Ecozones and Freeport Zones to registered export enterprises and non-RBEs?

The sale is subject to 12% VAT. Signup and view all the answers

What is the treatment on the sale made by registered export enterprise enjoying Income Tax Holiday to another registered export enterprise?

The sale is subject to 12% VAT. Signup and view all the answers

What is the status of the sale of goods and/or services by a VAT-registered seller to registered export enterprises under the CREATE Act?

VAT zero rated. Signup and view all the answers

What is the tax treatment on the sales by registered non-export enterprises or Domestic Market Enterprises located in Ecozones and Freeport Zones to registered export enterprises and non-RBEs?

The sale is subject to 12% VAT. Signup and view all the answers

Taxation Assessment: Understanding Principles and Theories

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Questions and Answers

Which statement is not correct regarding the power of taxation?

What is the scope of taxation power?

Which statement is true about the power of taxation and police power?

Which inherent power is dependent on and provided for in the Philippine Constitution?

Which branch of the government exercises the power of taxation?

What is the limitation of the power of taxation?

What is the primary purpose of taxation?

Which of the following is NOT a general consideration of the government in distributing the cost or burden of taxation?

What is the basis of taxation?

What is a manifestation of taxation being an inherent power of the government?

Which statement is true about a sovereign state's power of taxation?

What is the relationship between the provisions in the Constitution on the power of taxation and the power of taxation itself?

What is the tax status of the income of an educational institution operated by a religious order?

Which power of the government is shared by the legislative and executive departments?

What is the inherent limitation of the power of taxation?

What is the condition for the State to validly exercise its power of taxation?

Who has the power to levy tax?

Which of the following is a correct statement about the power of taxation?

What is the correct statement about the taxation of land where embassies of foreign governments are located?

What is the principle of taxation that requires tax to operate with the same force and effect in every place?

Which limitation of the power of taxation is exemplified where those with different incomes are made to pay different rates of tax?

What is the theory that explains the exemption of educational institutions from taxation?

What is the principle of taxation that means individuals should be asked to pay taxes according to their ability to pay?

What can be delegated outside the legislative branch?

How much dividend is subject to income tax?

What is the treatment on the sale of goods and/or services by a VAT-registered seller to registered export enterprises enjoying fiscal incentives under the CREATE Act?

What is the treatment on the sales by registered non-export enterprises or Domestic Market Enterprises located in Ecozones and Freeport Zones to registered export enterprises and non-RBEs?

What is the treatment on the sale made by registered export enterprise enjoying Income Tax Holiday to another registered export enterprise?

What is the status of the sale of goods and/or services by a VAT-registered seller to registered export enterprises under the CREATE Act?

What is the tax treatment on the sales by registered non-export enterprises or Domestic Market Enterprises located in Ecozones and Freeport Zones to registered export enterprises and non-RBEs?

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