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Basic Principles of Taxation
Basic Principles of Taxation
Revenue regulation ‘c. Opinions of the Secretary of Finance d. Revenue Memorandum Circular 63. Which of the following powers of the CIR can be delegated? a. The power to recommend the promulgation of rules and regulation to the Secretary of Finance b. The power to issue rulings of first impression or to reverse, revoke or modify any existing rulings of the Bureau, . The power to compromise or abate any tax liability, _J% ine power to alvie the Philppines into zones for purposes of enforcement of national internal revenue taxes. 64. Which agency, office or bureau issues revenue regulations? a, Congress 2% Department of Finance (c.Office of the Commissioner of Internal Revenue d. Revenue District Office -done- TAX.2101