Monthly Archives: November 2015

Estate Tax

Succession – it is a mode of transmission of the ownership, rights and interests and obligations over property by reason of death of the owner in favor of certain persons designated by the owner himself or by operation of law. … Continue reading

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Situs of Taxation

Situs of Taxation literally means Place of Taxation. Poll Tax – residence of the persons. Real Property Tax – State where the property is located whether the owner resides or not. Tax on Tangible Properties – State where it is … Continue reading

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Exemption from Taxation

What is exemption from Taxation? a. Tax Holiday b. Privilege of immunity from a tax burden of which others are subjected to. c. The power of taxation carries with it the power not to tax or the power to exempt. … Continue reading

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Double Taxation

Double taxation, in it’s general sense, means taxing a person, property, right twice during the same taxable period. In it’s general sense, it does not violate the equal protection and uniformity clauses of the constitution. Direct Double Taxation or direct … Continue reading

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Inherent Limitations of Taxation

Inherent limitations on Power of Taxation: A. Non Delegation of the power to Tax – the power to tax is purely legislative and it cannot be delegated by the legislature to the executive or judicial department of the government. Separation … Continue reading

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Taxation definition

Taxation is the act of laying a tax, a process or means by which sovereign, through it’s lawmaking body raises revenue to defray necessary expenses of government. Theory and Basis of Taxation: a. Power of taxation proceeds upon the theory … Continue reading

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TAX 101

Inherent Powers of the State: PET as Acronym – A. Police Power – The power of the State to enact laws in relation to properties and persons promote public health, safety, public moral, and general welfare. B. Eminent Domain – … Continue reading

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