Google TV

Published by on | Leave a response

Google TV was developed by Google with Intel, Sony and Logitech. It is a Smart TV platform integrating Google’s Android Operating System and Google’s Google Chrome Browser. What this does is that it creates an interactive overlay on top of already existing Internet Television and WebTV sites. On October 6, 2010, Google initially launched Google […]

Share this:
Posted in

Opo Pinoy Style: The Best Gangnam Style Parody!

Published by on | Leave a response

You thought it is the Korean version but to your surprise no man named Psy was ever spotted. Instead a cute and witty Pinoy named Mikey Bustos was walking, singing and dancing everywhere his Gangnam parody entitled “Opo Pinoy Style.” What is “Opo Pinoy Style?” It is a hilarious and funny parody made by a […]

Share this:
Posted in
Evolution of Storage Devices

Fun Facts: The Evolution of Storage Devices

Published by on | Leave a response

  Storage devices have gone through a lot in its evolution since its first introduction in 1956. Throughout the years, technology improved in huge leaps and bounds, making it easier for computer hardware companies to create and integrate different kinds of storage devices. Every computer right now has its own storage device, sometimes big and […]

Share this:
Posted in

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