UST GOLDEN NOTES 2011

340
TAXATION TEAM:
ADVISER: ATTY. PRUDENCE ANGELITA A. KASALA; SUBJECT HEAD: RODOLFO N. ANG, JR.
ASST. SUBJECT HEADS: EDISON U. ORTIZ & VANESSA ROSE S. HERNANDEZ;
MEMBERS: JOSE DUKE BAGULAYA, CHARLES L. GRANTOZA, CHRISTINE L. GUTIERREZ, CLARABEL ANNE R. LACSINA, DIVINE C. TEE, KEITH S. VALCOS



GENERAL PRINCIPLES

Ad Valorem Tax 36
Administrative Feasibility 5
Benefits-Protection Theory 6
Capitalization 11
Characteristics 4
Compensation 12
Compromise 13
Constitutional Limitations 22
Direct Tax 36
Doctrine Of Equitable Recoupment 13
Doctrine Of Imprescriptibility 7
Doctrine Of Mobilia Sequuntur Personam 19
Doctrine Of Prospectivity 7
Double Taxation 7
Due Process Clause 30
Equal Protection Of The Law 30
Equality 22
Equity 22
Excise / Privilege Tax 36
Fiscal Adequacy 5
Flexible Tariff Clause 29
General/Fiscal Or Revenue 36
Gross Taxation 36
Impact Of Taxation 10
Incidence Of Taxation 10
Indirect Tax 36
Inherent Limitations 15
International Comity 20
Lifeblood Theory 6
Local Or Municipal Tax 36
National Tax 36
Net Taxation 36
Payment 33
Personal/Poll Or Capitation Tax 36
Principle Of Equality 31
Progressive Tax 36
Property Tax 36
Proportional 36
Refund 33
Regressive Tax 36
Situs Of Taxation 18
Special / Regulatory Or Sumptuary 36
Specific 36
Strict Construction Rule 14
Tax Administration 33
Tax Amnesty 13
Tax Avoidance 10
Tax Evasion 10
Tax Exemptions 11
Tax Legislation 33
Taxation 1
Taxes 34
Theoretical Justice 5
Transformation 11
Uniformity 22

NATIONAL INTERNAL REVENUE CODE

Ability To Pay 125
Actual Distraint 215
Allowable Deductions 79
Assessment 190
Automatic Zero-Rated Transaction 160
Benefits-Protection Theory 125
Calendar Year Period 39
Capital Asset 53
Capital Gain 54
Capital 46
Civil Actions 207, 225
Claim Of Right Doctrine 47
Collection 206
Compensation Income 51
Compromise Penalty 222
Compromise 220
Constructive Distraint 216
Corporation 41
Creditable Withholding Tax 118
Criminal Actions 208, 227
De Minimis Benefits 105
Deductions From Gross Income 79
Deficiency Tax 193
Delinquency Tax 193
Distraint 215
Donation 144
Donations Inter Vivos 124
Donations Mortis Causa 124
Donors Tax 144
Economic-Benefit Principle 47
Effectively Zero-Rated Transaction 160
Estate Tax 124
Estate 43
Final Withholding Tax 118
Fiscal Year Period 39
Flow Of Wealth Test 47
Forfeiture 219
Formal Letter Of Demand 201
Fringe Benefit 102
Fringe Benefit 52
General Professional Partnership 43
Global System Of Taxation 37
Government Remedies 214
Gross Estate 126
Gross Gifts 147
Gross Income Taxation 49
Gross Income 49
Income Tax 37
Income Tax 45
Income 46
Individual Taxpayers 39
Inheritance Tax 124
Jeopardy Assessment 193
Judicial Remedies 225
Large Taxpayer 234
Levy 217
INDEX


ACADEMICS CHAIR: LESTER JAY ALAN E. FLORES II
VICE CHAIRS FOR ACADEMICS: KAREN JOY G. SABUGO & JOHN HENRY C. MENDOZA
VICE CHAIR FOR ADMINISTRATION AND FINANCE: JEANELLE C. LEE
VICE CHAIRS FOR LAY-OUT AND DESIGN: EARL LOUIE M. MASACAYAN & THEENA C. MARTINEZ


U N I V E R S I T Y O F S A N T O T O M A S
Fac ul t a d de De r e c ho Ci vi l
341
Minimum Corporate Income Tax 107
Net Capital Loss Carry Over 60
Net Effect Test 47
Net Gift 148
Net Income Taxation 50
Net Income 50
Net Operating Loss Carry Over 60
Optional Standard Deduction 94
Ordinary Asset 53
Ordinary Gain 54
Passive Income 62
Personal Exemptions 95
Pre-Assessment Notice 200
Principle Of Constructive Receipt Of Income 47
Privilege Theory/State-Partnership Theory 125
Realization Test 47
Reasonable Private Benefit Plan 74
Redistribution Of Wealth 125
Royalties 66
Schedular System Of Income Taxation 37
Severance Test 47
State Partnership Theory 46
Tax Administration 231
Tax Benefit Rule 87
Tax Credit Method 155
Tax Lien 220
Tax Refund 208
Tax Return 121
Tax Return 180
Taxpayers Remedies 190
Transfer Taxes 123
Trust 43
Value-Added Tax 153
VAT-Exempt Transactions 166
Withholding Agent 119
Withholding Tax System 118


LOCAL GOVERNMENT CODE OF 1991, AS AMENDED

Business Tax 54
Distraint 260
Income Tax 254
Levy 261
Limitations On The Taxing Powers 253
Local Tax Ordinance 240
Local Taxation 236
Local Taxes 236
Local Taxing Authority 240
Protest Of Assessment 258
Real Property Tax 265
Residual Taxing Power 240
Taxing Power Of A Barangay 251
Taxing Power Of A City 246
Taxing Power Of A Municipality 246
Taxing Power Of A Province 243


TARIFF AND CUSTOMS CODE OF 1978, AS
AMENDED

Abandonment 320
Abatement 319
Appeal 320
Bureau Of Customs 290
Comparison Of Special Duties 300
Consumption Entry 305
Customs Duties 289, 298
Customs Protest 309
Customs Seizure 310
Customs Valuation 303
Doctrine Of Hot Pursuit 312
Duty Drawback 319
Fine 319
Flexible Tariff Clause 289
Fraudulent Practices 316
Import Entry 305
Liquidation 308
Remedies Of The Government 317
Remedies Of The Taxpayer 318
Safeguard Measures 302
Smuggling 310
Tariff 289
Tariff Commission 291
Tax Lien 317

JUDICIAL REMEDIES; COURT OF TAX APPEALS

Citizens Suit 336
Civil Cases 328
Court Of Tax Appeals 324
Criminal Cases 334
Doctrine Of Ripeness For Review 337
Double Nexus Test 337
Judicial Procedures 328
Jurisdiction 325
Mode Of Appeal 339
Motion For New Trial 330
Motion For Reconsideration 330
Taking Of Evidence 330
Taxpayers Suit 336
Transcendental Importance 337