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    Philippine Tax System and Income Taxation Module 2

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    chadskie20
    The document discusses the Philippine tax system and income taxation. It outlines the learning objectives which are to identify the government offices handling tax administration, discuss the powers and duties of the Bureau of Internal Revenue, enumerate the officials of the BIR, and describe the powers and authority of the Commissioner of Internal Revenue. It also provides an overview of the National Internal Revenue Code and the different types of taxes it governs, including income tax, estate tax, donor's tax, value-added tax, excise taxes, and documentary stamp tax.

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    Philippine Tax System and Income Taxation Module 2

    Uploaded by

    chadskie20
    278 views2 pages
    The document discusses the Philippine tax system and income taxation. It outlines the learning objectives which are to identify the government offices handling tax administration, discuss the powers and duties of the Bureau of Internal Revenue, enumerate the officials of the BIR, and describe the powers and authority of the Commissioner of Internal Revenue. It also provides an overview of the National Internal Revenue Code and the different types of taxes it governs, including income tax, estate tax, donor's tax, value-added tax, excise taxes, and documentary stamp tax.

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    PHILIPPINE TAX SYSTEM AND INCOME TAXATION MODULE 2

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    The document discusses the Philippine tax system and income taxation. It outlines the learning objectives which are to identify the government offices handling tax administration, discuss the powers and duties of the Bureau of Internal Revenue, enumerate the officials of the BIR, and describe the powers and authority of the Commissioner of Internal Revenue. It also provides an overview of the National Internal Revenue Code and the different types of taxes it governs, including income tax, estate tax, donor's tax, value-added tax, excise taxes, and documentary stamp tax.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    278 views2 pages

    Philippine Tax System and Income Taxation Module 2

    Uploaded by

    chadskie20
    The document discusses the Philippine tax system and income taxation. It outlines the learning objectives which are to identify the government offices handling tax administration, discuss the powers and duties of the Bureau of Internal Revenue, enumerate the officials of the BIR, and describe the powers and authority of the Commissioner of Internal Revenue. It also provides an overview of the National Internal Revenue Code and the different types of taxes it governs, including income tax, estate tax, donor's tax, value-added tax, excise taxes, and documentary stamp tax.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    PHILIPPINE TAX SYSTEM AND INCOME TAXATION MODULE 1:OVERVIEW OF THE POWERS

    AND AUTHORITY OF THE COMMISSIONER OF INTERNAL REVENUE 1

    Course Module

    Overview of the Powers and Authority of the


    Commissioner of Internal Revenue
    LEARNING OBJECTIVES
    At the end of this module you are expected to:
    1. Identify the different government offices
    handling the tax administrative functions;
    2. Discuss the powers and duties of the Bureau of
    Internal Revenue;
    3. Enumerate the officials of the Bureau of
    Internal Revenue;
    4. Enumerate the powers and extent of authority of the Commissioner of Bureau of Internal
    Revenue

    The National Internal Revenue Code (NIRC) of 1997 was enacted from Republic Act (RA) No.
    8424, otherwise known as the Tax Reform Act of 1997, which was enacted on December 11,
    1997 and became effective on January 1, 1998. Since then, this law has been amended
    numerous times and few of the significant amendments are the RA 9337 (Reformed VAT Law),
    RA 9243 (Revised Documentary Stamp Tax law), RA 9334 (Amended Excise Tax Law), and RA
    9504 dated June 17, 2008 (amending Title II - Income Tax)
    The NIRC or the “Tax Code” collates the internal revenue laws. It governs the imposition and
    collection of the following national internal revenue taxes:
    Income tax – a type of tax that is levied by a government directly on income earned by

    the taxpayers
    Estate tax – a type of tax that is levied on the net value of the estate of a deceased

    person before distribution to the heirs


    Donor’s tax – a type of tax that is imposed upon any person, natural or juridical,

    resident or non-resident, who transfers or causes to transfer by gift or donation, whether direct
    or indirect, real, personal, tangible or intangible property.
    Value-added tax (VAT) – is a form of sales tax. It is a tax on consumption levied on the

    sale, barter, exchange or lease of goods or properties and services in the Philippines and on
    importation of goods into the Philippines. Percentage taxes
    Excises taxes – these are type of taxes paid when purchases are made on a specific good,

    such as gasoline. Excise taxes are often included in the price of the
    product
    Documentary stamp tax – is an excise tax levied on documents, instruments, loan
    agreements and papers evidencing the acceptance, assignment, sale or transfer of an obligation,
    rights, or property incident thereto.

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