5 Questions
What kind of taxes are paid by oil companies to BIR upon removal of petroleum products from its refinery?
Excise tax
Which type of exemption originates from the constitution?
Constitutional
In what form are exemptions expressly granted by statute known as?
Statutory
What principle governs tax exemptions stating that they are highly disfavored?
Strict construction rule
What is required for someone claiming a tax exemption to justify their claim?
Clearest grant of law
Test your knowledge on different types of taxation including property tax and excise tax. Learn about taxes imposed on properties, rights, privileges, and specific products.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
