About this document
Understanding Taxation in the Philippines by Jessica Aragon is a document available to read on EtoBox.
Taxation is the process by which the government raises income to fund necessary expenses. It is an inherent power of sovereignty that gives the government the right to tax citizens and properties within its jurisdiction. Congress uses tax provisions and rules to both mitigate undesirable economic conditions and provide incentives for desirable activities. Some key limitations on the power of taxation include that taxes can only be levied for public purposes and the state can only tax persons and properties
- Author
- Jessica Aragon
- Language
- EN