With the intention of limiting contact by taxpayers when dealing with the BIR and at the same time save time and money, the Bureau allowed on-line filing of returns and other reports. This is in keeping with: Group of answer choices Fiscal Adequacy Theoretical Justice Uniformity in Taxation Administrative Feasibility

With the intention of limiting contact by taxpayers when dealing with the BIR and at the same time save time and money, the Bureau allowed on-line filing of returns and other reports. This is in keeping with: Group of answer choices Fiscal Adequacy Theoretical Justice Uniformity in Taxation Administrative Feasibility

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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• Fiscal Adequacy - sources of revenue should be sufficient to meet the demands of public expenditure. ● BASIC PRINCIPLES OF A SOUND TAX SYSTEM ● Equality or theoretical Justice tax burden should be in proportion to the taxpayer's ability to pay. (Ability-To-Pay Principle) - Administrative Feasibility tax laws should be capable of convenient, just and effective administration. - A) Which do you think is the most important among the three inherent powers of the state? Why? B) If a tax law violates one of the three principles of sound tax system, is it necessarily null and void? Explain your answer.
I. Review the adequacy of the withholding procedures. II. Determine the last remittance of withholding taxes made before the statement of financial position date. III. Follow up remittance subsequent to the statement of financial position date. Which of the following are usual audit procedures for withholding taxes payable? A. I, II, IIIB. I, IIC. I, IIID. II, III
• Fiscal Adequacy - sources of revenue should be sufficient to meet the demands of public expenditure. ● BASIC PRINCIPLES OF A SOUND TAX SYSTEM ● Equality or theoretical Justice tax burden should be in proportion to the taxpayer's ability to pay. (Ability-To-Pay Principle) - Administrative Feasibility tax laws should be capable of convenient, just and effective administration. - A) Which do you think is the most important among the three inherent powers of the state? Why? B) If a tax law violates one of the three principles of sound tax system, is it necessarily null and void? Explain your answer.
• Fiscal Adequacy - sources of revenue should be sufficient to meet the demands of public expenditure. ● BASIC PRINCIPLES OF A SOUND TAX SYSTEM ● Equality or theoretical Justice tax burden should be in proportion to the taxpayer's ability to pay. (Ability-To-Pay Principle) - Administrative Feasibility tax laws should be capable of convenient, just and effective administration. - A) Which do you think is the most important among the three inherent powers of the state? Why? B) If a tax law violates one of the three principles of sound tax system, is it necessarily null and void? Explain your answer.
In considering materiality for planning purposes, an auditor belives that misstatements aggregate P100,000 would have a metrial effect on an entity's income statement, but that miststatement would have to aggregate P200,000 to materially effect the balance sheer. Ordinarilu, it would be appropriate to design procedures that would be expected to detect misstatements that aggregate. A. P100,000 B. P200,000 C. 150,000 D. P300,000
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ST. 1 The aspects of taxation are shared by the executive and legislative branches of the government. ST. 2 Taxes should be prospective and shouldn't be given retroactive effect because they are burdens. Which is correct? A. Both B. ST. 1 only C. ST. 2 only D. None
Some good feature to apply or not apply to government accounting in Jamaica.
• Fiscal Adequacy - sources of revenue should be sufficient to meet the demands of public expenditure. ● BASIC PRINCIPLES OF A SOUND TAX SYSTEM ● Equality or theoretical Justice tax burden should be in proportion to the taxpayer's ability to pay. (Ability-To-Pay Principle) - Administrative Feasibility tax laws should be capable of convenient, just and effective administration. - A) Which do you think is the most important among the three inherent powers of the state? Why? B) If a tax law violates one of the three principles of sound tax system, is it necessarily null and void? Explain your answer.
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The following powers are classified as primary powers of the Commissioner of the BIR. Which of these powers is the Commissioner’s secondary power? Power to interpret tax laws Power to assess and collect the amount of tax Power to make arrest and seizures Power to examine books of accounts.
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