Bar questions · 2011
Taxation Law
96 questions from the 2011 bar examination.
- 41.The waiver of the statute of limitation executed by a taxpayer is not a waiver of the right to invoke the defense of prescription. The waiver of the statute of limitation is merely an agreement in writing between the taxNot answered yetMultiple choice
- 42.Yes, Mr. Tiaga may already file a protest. Rev. Regs. No. 18-2013, implementing Sec. 228 of the Tax Code, states that no PAN is required if the deficiency tax is a result of a mathematical error in the computation of taxNot answered yetMultiple choice
- 43.On March 30, 2005 Miguel Foods, Inc. received a notice of assessment and a letter of demand on its April 15, 2002 final adjustment return from the BIR. Miguel Foods then filed a request for reinvestigation together with Not answered yetMultiple choice
- 44.Section 228, NIRC; RCBC v. CIR. What is the effect on the tax liability of a taxpayer who does not protest an assessment for deficiency taxes? (2011 Bar Question)Not answered yetMultiple choice
- 45.No. Notwithstanding the lapse of the 180-day period, BWI had the option to await the BIR’S final decision on its protest before filing a Petition for Review with the CTA. Pursuant to the case of Lascona Land Co., Inc. v.Not answered yetMultiple choice
- 46.No, CCC, Inc. should first file a motion for reconsideration with the CTA Division. Petition for review of a decision or resolution of the Court in Division must be preceded by the filing of a timely motion for reconsideNot answered yetMultiple choice
- 47.The claim for refund will not prosper as it is barred by the irrevocability rule. Paragraph 2, Section 76 of the NIRC embodies the irrevocability rule. This rule provides that a corporation which is entitled to a tax creNot answered yetMultiple choice
- 48.The BIR could not avail itself of the remedy of levy and distraint to implement, through collection, an assessment that has become final, executory, and demandable where: (2011 Bar Question)Not answered yetMultiple choice
- 49.Anion, Inc. received a notice of assessment and a letter from the BIR demanding the payment of P3 million pesos in deficiency income taxes for the taxable year 2008. The financial statements of the company show that it hNot answered yetMultiple choice
- 50.Supreme Court ruled that the subsequent incorporation of Section 4.108-1 of RR 7-95 in Section 113(B)(2)(c) of RA 9337 actually confirmed the validity of the imprinting requirement on VAT invoices or official receipts – Not answered yetMultiple choice
- 51.2010 – 2015 TAXATION BAR EXAM QUESTIONS ON REAL PROPERTY TAXATION Anktryd, Inc., bought a parcel of land in 2009 for P7 million as part of its inventory of real properties. In 2010, it sold the land for P12 million whichNot answered yetMultiple choice
- 52.No. The property is exempt from real property tax by virtue of the beneficial use thereof by the Tibetan monks for their religious rituals and ceremonies. A property that is actually, directly and exclusively used for reNot answered yetMultiple choice
- 53.Real property owned by the national government is exempt from real property taxation unless the national government: (2011 Bar Question)Not answered yetMultiple choice
- 54.VAT person and to issue VAT receipts for professional fees received Section 236(G)(1)(b), NIRC. KaPedringMatibag, a sole proprietor, buys and sells "kumot at kulambo" both of which are subject to value-added tax. Since hNot answered yetMultiple choice
- 55.1. Police power 2. Power of eminent domain E. Purpose of taxation 1. Revenue-raising 2. Non-revenue/special or regulatory Money collected from taxation shall not be paid to any religious dignitary EXCEPT when: (2011 Bar Not answered yetMultiple choice
- 56.F. Principles of sound tax system 1. Fiscal adequacy 2. Administrative feasibility 3. Theoretical justice Anne Lapada, a student activist, wants to impugn the validity of a tax on text messages. Aside from claiming that Not answered yetMultiple choice
- 57.4. Jurisdiction over subject and objects 3 | P a g e 2010-2015 Taxation Law Bar Examinations Which theory in taxation states that without taxes, a government would be paralyzed for lack of power to activate and operate iNot answered yetMultiple choice
- 58.Which of the following are NOT usually imposed when there is a tax amnesty? (2011 Bar Question)Not answered yetMultiple choice
- 59.Which among the following concepts of taxation is the basis for the situs of income taxation? (2011 Bar Question)Not answered yetMultiple choice
- 60.(1) From sources within the Philippines Guidant Resources Corporation, a corporation registered in Norway, has a 50 MW electric power plant in San Jose, Batangas. Aside from Guidant's income from its power plant, which aNot answered yetMultiple choice