It refers to the practice of a government collecting money from its citizens to pay for public services.

It is based on the ability-to-pay principle wherein people with higher income should pay more

Who pays the taxes in the Philippines?

It is based on the amount of goods and services utilized such that the more you consume, the higher the tax you pay.

What are the legal basis of the Philippine Taxation?

It is enacted as Republic Act No. 8424 or the Tax Reform Act of 1997.

It includes salaries, wages, taxable bonuses, fringe benefits, and other allowances.

It is a form of excise tax which  is based on weight, volume capacity, or any other physical unit of measurement.

If you have an income of 560,000 a month, your tax to pay for a year is Php 70, 000.

It is a type of indirect tax imposed on goods and services. It is typically passed on the buyer as part of the selling price.

It is a business tax imposed on persons/ entities/ transactions: who sell or lease goods, properties, or services in the course of trade or business and are exempt from VAT.

What is the income tax rate for corporations?

This is an example of a commodity subject to excise taxes.

If you won the Philippine Charity Sweepstakes Office Lotto of 27,441,058.00, the tax you will pay is:

The income tax rate for literary works and musical compositions is 10%

If your monthly income is 25,000, how much tax will you pay in a year?

Tax on deposits, royalties, and dividends.

What government agency is responsible for tax collection in the Philippines?

What does the acronym TRAIN stands for?

What will the Tax Reform fund?