Philippine law 1. As a rule, legislative power is vested to the Congress. Exceptions to this rule are the following except: a. Emergency powers of the President b. Tariff powers of the president c. President power d. Delegation to LGU e. None of the above 2. Power to tax is exercised by? a. President b. Legislative c. Judiciary d. BIR 3. Custom duty is different from tax because: a. Custom duty is comprehensive than tax b. Custom duty refers to tax on persons and goods imported and exported c. Tax is based on law,

Philippine law 1. As a rule, legislative power is vested to the Congress. Exceptions to this rule are the following except: a. Emergency powers of the President b. Tariff powers of the president c. President power d. Delegation to LGU e. None of the above 2. Power to tax is exercised by? a. President b. Legislative c. Judiciary d. BIR 3. Custom duty is different from tax because: a. Custom duty is comprehensive than tax b. Custom duty refers to tax on persons and goods imported and exported c. Tax is based on law,

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter1: An Introduction To Taxation And Understanding The Federal Tax Law

Section: Chapter Questions

Problem 15DQ

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Question

3. Custom duty is different from tax because:
a. Custom duty is comprehensive than tax
b. Custom duty refers to tax on persons and goods imported and exported

c. Tax is based on law, while custom duty is based on agreement

d. All of the above

e. None of the above

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