Taxation in The Philippines
Taxation in The Philippines
HISTORY OF TAXATION
POWER OF TAXATION
LAW OF TAXATION
GROUP 4
HISTORY OF
TAXATION
The taxation of the Philippines
started from the Ancient
Filipinos, where they pay their
taxes to their Datu or the Chiefs
for the protection they gave to
them, the tax was termed buwis.
HISTORY OF
TAXATION
Invasion of
Spaniards
The arrival or invasion of the
Spanish People from 1521 to 1898
gave the Filipinos modern
concepts of taxation, wherein 16
years old to 60 years old where
forced to pay tributes or tributo to
the King of Spain
HISTORY OF
TAXATION
Cedula
In 1884, the tribute was
abolished and was replaced
by the cedula or sedula, a
certificate identifying the tax
payer that needs to be
carried all the time. If
someone is not able to
present their cedula to a
guardia civil
HISTORY OF
TAXATION
1987 Constitution
II.Laws
The basic source of Philippine tax law is the National Internal Revenue Law,
which codifies all tax provisions, the latest of which is embodied in Republic
Act No. 8424 (“The Tax Reform Act of 1997”)
III.Treaties
The Philippines has entered into several tax treaties for the avoidance of
double taxation and prevention of fiscal evasion with respect to income taxes.
At present, there are 31 Philippine Tax Treaties in force
LAW OF TAXATION
National Tax Law
IV.Administrative Material
V.Case Law
In the Philippines, Supreme Court decisions form part of the law of the land.
As such, decisions by the Supreme Court
The BIR (Bureau of Internal Revenue) has a list of RDO Codes in the
Philippines to help in monitoring, processing and auditing of tax
payments, tax returns, withholding taxes, and other tax accounts.
Taxation is a big power of the government so generating the
government revenue from taxes is important. Using RDO codes is
significant in the computation of taxes collected across the Philippines.
BIR Form 2316 to the BIR
At this point in time, we know you are about to give the copy of BIR
2316 (Certificate of Compensation Payment/Taxes Withheld) to each of
your employees and afterwards submit the same to the Bureau of
Internal Revenue (BIR). But before you finally hand the forms to them,
here are just a few final reminders which we think you should have
ensured.
WHAT IS BIR?
BIR form 2303