Colegio de Sta.

Rita
Business Taxation
Atty. Juniven Rey S Umadhay
Final Examinations 1st Semester, SY 2019-2010

1. ABC Corporation is a Domestic Corporation, having been organized in accordance with the
laws of the Philippines. On the year 2017 it has been able to gain a Gross income of
200million pesos from its transaction in the Philippines and 150million from Singapore,
however incurring ordinary expenses of 30million pesos. How much is its corporate income
Tax? Why? (15pts)
2. Princess donated P250,000 to Mark on the year 2018 and donated P300,000 to milky on
the year 2019. How much donor’s tax will princess pay on the year 2018? Why? How
about 2019? Why? (10pts)
3. Enumerate the remedies of the government against delinquent taxpayers? (10pts)
4. Enumerate the remedies of a taxpayer against the government? (5pts)
5. Distinguish Constructive distraint from actual distraint? (10pts)
6. Davoy is a father of two, and has an annual income of 200,000 pesos. How much income
tax will he pay under the TRAIN Law? why (5pts)
7. Manuel has an inborn abnormality, one of his eye is closed and not in parallel with his
other eye. After having all the money needed to reconstruct his nose, he subjected himself
to a cosmetic surgery to correct the inborn abnormality of his physical appearance. Is he
liable to pay the Tax on such procedure as provided by the new TRAIN Law? why (15pts)

Colegio de Sta. Rita

Business Taxation
Atty. Juniven Rey S Umadhay
Final Examinations 1st Semester, SY 2019-2010

1. ABC Corporation is a Domestic Corporation, having been organized in accordance with

the laws of the Philippines. On the year 2017 it has been able to gain a Gross income of
200million pesos from its transaction in the Philippines and 150million from Singapore,
however incurring ordinary expenses of 30million pesos. How much is its corporate
income Tax? Why? (15pts)
2. Princess donated P250,000 to Mark on the year 2018 and donated P300,000 to milky on
the year 2019. How much donor’s tax will princess pay on the year 2018? Why? How
about 2019? Why? (10pts)
3. Enumerate the remedies of the government against delinquent taxpayers? (10pts)
4. Enumerate the remedies of a taxpayer against the government? (5pts)
5. Distinguish Constructive distraint from actual distraint? (10pts)
6. Davoy is a father of two, and has an annual income of 200,000 pesos. How much income
tax will he pay under the TRAIN Law? why (5pts)
7. Manuel has an inborn abnormality, one of his eye is closed and not in parallel with his
other eye. After having all the money needed to reconstruct his nose, he subjected himself
to a cosmetic surgery to correct the inborn abnormality of his physical appearance. Is he
liable to pay the Tax on such procedure as provided by the new TRAIN Law? why (15pts)