Taxation is the act of levying the tax, i.e., the process or means by which the sovereign, through its law-making body, raises income to defray the necessary expenses of the government. 01 General Principles of Taxation. ˯�Fݏ�/U%�͢���n*_�G�}u�h����5��V��/X)=�,���A��_)�E�wm?�q�U��� N�a���2���X�3�ȟ�$e \�Kx?��(��&[���'ߍ�.���~�D8EV4j`���Y��8o�L�j��ۣ�>O��kSy������|K������P��b!� Property is taken to promote the general welfare. << /Length 11 0 R /N 3 /Alternate /DeviceRGB /Filter /FlateDecode >> Ⱦ�h���s�2z���\�n�LA"S���dr%�,�߄l��t� A1�v�jp ԁz�N�6p\W� p�G@ . national law: National Internal Revenue Code—enacted as Republic Act No. (A) the religious dignitary is assigned to the Philippine Army (B) it is paid by a local government unit (C) the payment is passed in audit by the COA 1US 4 Wheat 316, 31 r I/Ed. %PDF-1.3 It is merely a way of apportioning the cost if the government among those who in some measures are privileged to enjoy its benefits and, therefore, must bear its burdens. stream This paper. 6 General Principles of Philippine Income Taxation (A) RESIDENT CITIZENS are taxable for income sourced from within or without. Types of Philippine income taxes c. Taxable period d. Kinds of taxpayers 2. 2 0 obj Canons/Principles of Taxation By Adam Smith: Adam smith, the father of modem political economy, has laid down four principles or cannons of taxation in his famous book "Wealth of Nations". Double taxation means (1) taxing twice (2) by the same taxing authority (3) with the same jurisdiction (4)for the same purpose (5) in the same year.