OBLIGATION TO PAY DEBT V. OBLIGATION TO PAY TAX
- generally based on contract, express or implied, while a taxis based on laws- maybe paid in kind, while a taxis generally paid in money.
SURVEY OF PHILIPPINE TAXES
A. Internal revenue taxes
1.
Income tax
2.
Transfer taxes a.
Estate Tax b.
Donor’s Tax
3.
Percentage taxes a.
Value Added Tax b.
Other Percentage Taxes
4.
Excise taxes
5.
Documentary stamp tax
B. Local/Municipal Taxes
C. Tariff and Customs Duties
D. Taxes/Tax incentives under special laws
CLASSIFICATION OF TAXES
AS TO SUBJECT MATTER OR OBJECT
1.
PERSONAL, POLL OR CAPITATION TAX - Tax of a fixed amount imposed on persons residing within a specified territory, whether citizens or not, without regard to their property or the occupation or business in which they maybe engaged, i.e. community tax.
2.
PROPERTY TAX - Tax imposed on property, real or personal, in proportion to its value or in accordance with some other reasonable method of apportionment.
3.
EXCISE TAX - A charge imposed upon the performance of an act, the enjoyment of a privilege, or the engaging in an occupation.
AS TO PURPOSE
1.
GENERAL/FISCAL/REVENUE TAX - imposed for the purpose of raising public funds for the service of the government.
2.
SPECIAL/REGULATORY TAX - imposed primarily for the regulation of useful or non-useful occupation or enterprises and secondarily only for the purpose of raising public funds.
AS TO WHO BURDEN
1.
DIRECT TAX - demanded from the person who also shoulders the burden of the tax. It is a tax which the taxpayer is directly or primarily liable and which he or she cannot shift to another.
2.
INDIRECT TAX - person in the expectation and intention that he or she shall indemnify himself or herself at the expense of another, falling finally upon the ultimate purchaser or consumer. A tax which the taxpayer can shift to another.
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