Bar questions · 2012
Taxation Law
80 questions from the 2012 bar examination.
- 61.Section 22 (U) in relation to Section 27, NIRC. (ii) Income from the sale of real property situated in the Philippines Which statement is correct? A non-stock, non-profit charitable association that sells its idle agricuNot answered yetEssay
- 62.(i) Regular tax ABS Corporation is a PEZA-registered export enterprise which manufactures cameras and sells all its finished products abroad. Which statement is NOT correct? (2012 Bar Question)Not answered yetMultiple choice
- 63.(i) Income from sale of shares of stock (ii) Income from the sale of real property situated in the Philippines (iii) Income from the sale, exchange, or other disposition of other capital assets Sale of residential house Not answered yetMultiple choice
- 64.11. Deductions from estate Jose Ramos, single, died of a heart attack on October 10, 2011, leaving a residential house and lot with a market value of P1.8 Million and cash of P100,000.00. Funeral expenses paid amounted tNot answered yetMultiple choice
- 65.VI. Concept VII. Characteristics/Elements of a VAT-Taxable transaction VIII. Impact of tax IX. Incidence of tax X. Tax credit method XI. Destination principle XII. Persons liable An importer of flowers from abroad in 201Not answered yetMultiple choice
- 66.Under the VAT system, there is no cascading because the tax itself is not again being taxed. However, in determining the tax base on sale of taxable goods under the VAT system: (2012 Bar Question)Not answered yetEssay
- 67.Which importation in 2011 is subject to VAT? (2012 Bar Question)Not answered yetMultiple choice
- 68.A VAT-registered contractor performed services for his customer in 2010 and billed him P11.2 Million, broken down as follows: P10 Million – cost of services, plus P1.2 Million, 12% VAT. Of the contract price of P10 MilliNot answered yetMultiple choice
- 69.Except for one transaction, the rest are exempt from value added tax. Which one is VAT taxable? (2012 Bar Question)Not answered yetMultiple choice
- 70.24. Withholding of final VAT on sales to government VI. Tax remedies under the NIRC 1. Taxpayer’s remedies The Commissioner of Internal Revenue issued a BIR ruling to the effect that the transaction is liable to income tNot answered yetEssay
- 71.(e) Issuance of preliminary assessment notice (f) Exceptions to issuance of preliminary assessment notice A preliminary Assessment Notice (PAN) is NOT required to be issued by the BIR before issuing a Final Assessment NoNot answered yetEssay
- 72.Section 228, NIRC. 90 | P a g e 2010-2015 Taxation Law Bar Examinations Using the same facts in the immediately preceding number, but assuming that the final decision on the disputed assessment was received by the taxpayNot answered yetMultiple choice
- 73.(vi) Further distraint or levy 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? (2012Not answered yetMultiple choice
- 74.(i) Grounds and requisites for refund X Corporation had excess income tax payment for the year 2008, which it chose to carry over in 2009. In filing its 2009 corporate income tax return, it signified its intention (by chNot answered yetMultiple choice
- 75.(i) Tax on various types of businesses (ii) Ceiling on business tax impossible on municipalities within Metro Manila (iii) Tax on retirement on business (iv) Rules on payment of business tax (v) Fees and charges for reguNot answered yetMultiple choice
- 76.109 | P a g e 2010-2015 Taxation Law Bar Examinations Where the real property tax assessment is erroneous, the remedy of the property owner is: (2012 Bar Question)Not answered yetMultiple choice
- 77.(i) Administrative action (ii) Judicial action Which statement on prescriptive periods is true? (2012 Bar Question)Not answered yetMultiple choice
- 78.(i) Authority of assessor to take evidence (ii) Amendment of schedule of fair market value e) Classes of real property f) Actual use of property as basis of assessment g) Assessment of real property (i) Assessment levelsNot answered yetMultiple choice
- 79.118 | P a g e 2010-2015 Taxation Law Bar Examinations The dutiable value of an imported article subject to an ad valorem rate of duty under existing law shall be: (2012 Bar Question)Not answered yetMultiple choice
- 80.A protest against an assessment issued by the Collector of Customs for unpaid customs duties on imported goods shall be filed with: (2012 Bar Question)Not answered yetMultiple choice