Recent

  • Show all results for ""

🎧 New: AI-Generated Podcasts Turn your study notes into engaging audio conversations. Learn more

Taxation Types Quiz
5 Questions
0 Views

Taxation Types Quiz

Created by
@BetterThanExpectedStonehenge

Podcast Beta

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What kind of taxes are paid by oil companies to BIR upon removal of petroleum products from its refinery?

  • Excise tax (correct)
  • Value-added tax
  • Percentage tax
  • Income tax

    • Which type of exemption originates from the constitution?

  • Constitutional (correct)
  • Statutory
  • Implied
  • Express

    • In what form are exemptions expressly granted by statute known as?

  • Total
  • Constitutional
  • Statutory (correct)
  • Partial

    • What principle governs tax exemptions stating that they are highly disfavored?

    <p>Strict construction rule</p> Signup and view all the answers

    What is required for someone claiming a tax exemption to justify their claim?

    <p>Clearest grant of law</p> Signup and view all the answers

    More Quizzes Like This

    Tax Collection and Prescription Period Quiz
    26 questions

    Tax Collection and Prescription Period Quiz

    SustainableTurkey avatar
    SustainableTurkey
    Types of Taxes Quiz
    18 questions

    Excise Tax Quiz: Types of Taxes and Rates

    LustrousBlackHole avatar
    LustrousBlackHole
    Property Tax: What is IBI?
    169 questions

    Property Tax: What is IBI?

    TrustworthyWaterfall8928 avatar
    TrustworthyWaterfall8928
    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser