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.
John V. Balanquit
After the presentation, students should be able to:
The BIR Commissioner issued BIR rulings which may be overruled by succeeding BIR Commissioners
Revenue regulations are issued by the Department of Finance to cover implementing guidelines
Revenue regulations are overruled by court decisions upon issuance of resolutions