Bar questions · 2012
Taxation Law
80 questions from the 2012 bar examination.
- 21.The interest expense of a domestic corporation on a bank loan in connection with the purchase of a production equipment: (2012 Bar Question)Not answered yetMultiple choice
- 22.The amount payable under the agreement is in the nature of a royalty. The term royalty is broad enough to include compensation for the use of an intellectual property and supply of technical know-how as a means of enabliNot answered yetMultiple choice
- 23.Section 127, NIRC. A dealer in securities sold unlisted shares of stocks of a domestic corporation in 2010 and derived a gain of P1 Million therefrom. The gain is: (2012 Bar Question)Not answered yetMultiple choice
- 24.Section 22 (U) in relation to Section 27, NIRC. Which statement is correct? A non-stock, non-profit charitable association that sells its idle agricultural property is: (2012 Bar Question)Not answered yetMultiple choice
- 25.Sale of residential house and lot by an official of a domestic corporation to another official in the same corporation for a consideration of P2.5 Million in 2011 is: (2012 Bar Question)Not answered yetMultiple choice
- 26.2010 – 2015 TAXATION BAR EXAM QUESTIONS ON LOCAL GOVERNMENT TAXATION Which of the following statements is NOT a test of a valid ordinance? (2012 Bar Question)Not answered yetMultiple choice
- 27.Government Code. Taxing power of local government units shall NOT extend to the following taxes, except one: (2012 Bar Question)Not answered yetMultiple choice
- 28.The City of Makati is wrong in assessing ABC Corp. as a contractor. First, ABC Corp. is not a contractor as defined in Section 131(h) of Republic Act No. 7160 or the Local Government Code (LGC). This provision defines a Not answered yetMultiple choice
- 29.Where the real property tax assessment is erroneous, the remedy of the property owner is: (2012 Bar Question)Not answered yetMultiple choice
- 30.2010 – 2015 TAXATION BAR EXAM QUESTIONS ON TAX REMEDIES The Commissioner of Internal Revenue issued a BIR ruling to the effect that the transaction is liable to income tax and value added tax. Upon receipt of the ruling,Not answered yetMultiple choice
- 31.The prescriptive period for the collection of the deficiency tax assessment will be tolled: (2012 Bar Question)Not answered yetMultiple choice
- 32.A preliminary Assessment Notice (PAN) is NOT required to be issued by the BIR before issuing a Final Assessment Notice (FAN) on one of the following cases: (2012 Bar Question)Not answered yetMultiple choice
- 33.On April 15, 2011, the Commissioner of Internal Revenue mailed by registered mail the final assessment notice and the demand letter covering the calendar year 2007 with the QC Post Office. Which statement is correct? (20Not answered yetMultiple choice
- 34.The issuance of preliminary assessment notice (PAN) does not give rise to the right of the taxpayer to protest. What can be protested by a taxpayer is the final assessment notice (FAN) or that assessment issued followingNot answered yetEssay
- 35.The submission of the required documents within sixty (60) days from the filing of the protest is available only where: (2012 Bar Question)Not answered yetMultiple choice
- 36.The taxpayer received an assessment notice on April 15, 2011 and filed its request for reinvestigation against the assessment on April 30, 2011. Additional documentary evidence in support of its protest was submitted by Not answered yetMultiple choice
- 37.Section 228, NIRC. Using the same facts in the immediately preceding number, but assuming that the final decision on the disputed assessment was received by the taxpayer on July 30, 2011, when is the last day for filing Not answered yetMultiple choice
- 38.Which court has jurisdiction to determine if the warrant of distraint and levy issued by the BIR is valid and to rule if the waiver of the Statute of Limitations was validly effected? (2012 Bar Question)Not answered yetMultiple choice
- 39.Section 7, RA 9282. Which statement is correct? The collection of a deficiency tax assessment by distraint and levy: (2012 Bar Question)Not answered yetMultiple choice
- 40.The prescriptive period to file a criminal action is: (2012 Bar Question)Not answered yetMultiple choice