Tax laws
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Tax Laws. John V. Balanquit. Objectives. After the presentation, students should be able to: Describe the nature of tax laws Distinguish the sources of tax laws Explain how tax laws are applied and interpreted. Nature of Tax Laws.

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Tax laws

Tax Laws

John V. Balanquit


Objectives
Objectives

After the presentation, students should be able to:

  • Describe the nature of tax laws

  • Distinguish the sources of tax laws

  • Explain how tax laws are applied and interpreted


Nature of tax laws
Nature of Tax Laws

  • Tax laws are civil in nature. It becomes criminal in nature when taxpayers refuse to pay taxes even after due process was done.


Sources of tax laws
Sources of Tax Laws

  • Constitution

  • Statues (R.A. 8428 and R.A. 9504)

  • Executive orders

  • Tax treaties

  • Revenue regulations

  • BIR revenue memorandum circulars


Sources of tax laws1
Sources of Tax Laws

  • B.C. memorandum orders

  • BIR rulings

  • Judicial Decisions

  • Local tax ordinances


Application of tax laws
Application of Tax Laws

  • Tax statutes are enforced as written

  • Imposition of tax burden is not presumed

  • Doubts should be resolved liberally in favor of the taxpayer


Application of tax laws1
Application of Tax Laws

  • Exemptions are strictly construed against the taxpayer

  • Tax laws are applied prospectively

  • Tax laws prevail over civil laws


Interpretation of tax laws
Interpretation of Tax Laws

The BIR Commissioner issued BIR rulings which may be overruled by succeeding BIR Commissioners


Interpretation of tax laws1
Interpretation of Tax Laws

Revenue regulations are issued by the Department of Finance to cover implementing guidelines


Interpretation of tax laws2
Interpretation of Tax Laws

Revenue regulations are overruled by court decisions upon issuance of resolutions


End of lecture thank you
End of Lecture.Thank You!


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