Archives by date

You are browsing the site archives for 2012.

Domondon Taxation Bar Exam Answers Part 6

Published by on | Leave a response

CAPITAL GAINS TAX Capital Gains Taxation, In General When may a capital gain be exempt from tax? (1976) a. Sale, exchange or other disposition of real property. 1. Presumed capital gains realized from the disposition of their principal residnce by natural persons, the proceeds of which are fully utilized in acquiring or constructing a new […]

Share this:
Posted in ,

Domondon Taxation Bar Exam Answers Part 5

Published by on | Leave a response

PASSIVE INCOME SUBJECT TO FINAL TAX Passive Income in General What is mean by income subject to “final tax”? Give at least two examples of income of resident individuals that is subject to final tax. (2001) Income subject to final tax refers to an income collected to through the withholding tax system. The payor of […]

Share this:
Posted in ,

Domondon Taxation Bar Exam Answers Part 4

Published by on | Leave a response

EXCLUSION FROM GROSS INCOME Exclusion from Gross Income, in General Discuss briefly whether or not all income is taxable. (1988) Not all income are taxable. Some incomes are excluded from gross incomes in the determination of taxable income, and others are subject to tax exemptions. Exclusions from gross income distinguished from deductions from gross income. […]

Share this:
Posted in ,

Domondon Taxation Bar Exam Answers Part 3

Published by on | Leave a response

CLASSIFICATION OF TAXPAYERS AND TAXATION OF THEIR INCOME Trusts Mr. David created an irrevocable trust in favor of his two minor grandchildren. The trust stipulates that 50% of the net income should be distributed yearly to the grandchildren, share and share alike, the balance to accumulate for eventual distribution to the grandchildren at the age […]

Share this:
Posted in ,

Domondon Taxation Bar Exam Answers Part 2

Published by on | Leave a response

CONCEPTS OF INCOME AND INCOME TAXATION Nature, Scope, Classification and Essential Characteristics of Income Define income for tax purposes. (1969) Income means all wealth which flows into the taxpayer other than as a mere return of capital. It includes the forms of income specifically described as gains and profits, including gains derived from the sale […]

Share this:
Posted in ,

Domondon Taxation Bar Exam Answers Part 1

Published by on | Leave a response

INTERNAL REVENUE LAWS, ORGANIZATION AND FUNCTIONS OF THE BIR Interpretation of Tax Laws What is the general rule of statutory construction involving tax laws? What is the reason thereof? (1964) How are tax laws to be construed? Discuss briefly. (1966) State the rule on the construction or interpretation of laws imposing taxes. What is the […]

Share this:
Posted in ,

Sin Tax Law of 2012 (RA 10351) Full Text

Published by on | Leave a response

Here is the full text of the Sin Tax Law of 2012. Republic of the Philippines Congress of the Philippines Metro Manila Fifteenth Congress Third Regular Session Begun and held in Metro Manila, on Monday, the twenty third day of July, two thousand twelve. [REPUBLIC ACT NO. 10351] AN ACT RESTRUCTURING THE EXCISE TAX ON […]

Share this:
Posted in

Anti-Enforced or Involuntary Disappearance Act of 2012 (RA 10353) Full Text

Published by on | Leave a response

Here is the full text of “Anti-Enforced or Involuntary Disappearance Act of 2012” signed by the President last December 21, 2012. Republic of the Philippines Congress of the Philippines Metro Manila Fifteenth Congress Third Regular Session Begun and held in Metro Manila, on Monday, the twenty-third day of July, two thousand twelve. [REPUBLIC ACT NO. […]

Share this:
Posted in

The Responsible Parenthood and Reproductive Health Act of 2012 (RA 10354) Full Text

Published by on | Leave a response

Here is the full text of The Responsible Parenthood and Reproductive Health Act of 2012. Take time to read it and share to us your thoughts. Republic of the Philippines Congress of the Philippines Metro Manila Fifteenth Congress Third Regular Session Begun and held in Metro Manila, on Monday, the twenty-third day of July, two thousand […]

Share this:
Posted in

Cybercrime Prevention Act of 2012 (RA No. 10175) PDF

Published by on | Leave a response

Republic Act No. 10175 Download a PDF copy of Republic Act No. 10175 (Cybercrime Prevention Act of 2012) HERE. S. No. 2796 H. No. 5808 Republic of the Philippines Congress of the Philippines Metro Manila Fifteenth Congress Second Regular Session Begun and held in Metro Manila, on Monday the Twenty-fifth day of July two thousand […]

Share this:
Posted in