Bar questions · 2013
Taxation Law
24 questions from the 2013 bar examination.
- 21.PRT Corp. purchased a residential house and lot with a swimming pool in an upscale subdivision and required the company president to stay there without paying rent; it reasoned out that the company president must maintaiNot answered yetMultiple choice
- 22.(1) Cash dividend (2) Stock dividend (3) Property dividend (4) Liquidating dividend ABC Corp. was dissolved and liquidating dividends were declared and paid to the stockholders. What tax consequence follows? (2013 Bar QNot answered yetMultiple choice
- 23.13. Taxation of domestic corporations Prior to the VAT law, sales of cars were subject to a sales tax but the tax applied only to the original or the first sale; the second and subsequent sales were not subject to tax. DNot answered yetMultiple choice
- 24.(i) Concept of assessment Mr. Alvarez is in the retail business. He received a deficiency tax assessment from the BIR containing only the computation of the deficiency tax and the penalties, without any explanation of thNot answered yetMultiple choice