About this document
Business Taxation Overview in the Philippines by Catherine Lero is a document available to read on EtoBox.
This document provides an overview of the Philippine taxation system. It discusses the purposes of taxation which include generating revenue to fund government activities and services, and achieving non-revenue objectives like regulation. The key characteristics of a tax are that it is compulsory, based on ability to pay, paid in money, levied on persons or property within the jurisdiction of the taxing authority, and used for public purposes as determined by legislation. Non-revenue objectives of taxation
- Author
- Catherine Lero
- Language
- EN