45 Which of the following statements is true?enoleivia zojent oth grivalloi si io ilquose endlar900a. The National Internal Revenue Code is a codification by ourb.executive department of our taxation laws.lawi ve vroin velThe Bureau of Internal Revenue does not have a lawmaking power,but it is able to promulgate rules within limits provided by lawthrough Revenue Regulations.XoT erit toc.The Tariffs and Customs Code, the Local Government Code, and theOmnibus Investment Code are not sources of tax laws.d. The Congress does not need the concurrence of the Senate in enactinga tax law.

National Internal revenue Code: It is a Tx Code of 1997 originated from Republic Act No. 8424,…

Answered: Which of the foll

Business

Accounting

Which of the foll

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

100%

Which of the following statements is true?
enoleivia zojent oth grivalloi si io il
quose endlar900
a. The National Internal Revenue Code is a codification by our
b.
executive department of our taxation laws.
lawi ve vroin vel
The Bureau of Internal Revenue does not have a lawmaking power,
but it is able to promulgate rules within limits provided by law
through Revenue Regulations.
XoT erit to
c.
The Tariffs and Customs Code, the Local Government Code, and the
Omnibus Investment Code are not sources of tax laws.
d. The Congress does not need the concurrence of the Senate in enacting
a tax law.

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