A Study on business taxation in the Philippines / Catalina D. Cortez.

By:

Cortez, Catalina D [author]

Contributor(s):

Cubillo, Gilchor P

Material type: Text

TextLanguage: English Publication details: Indang, Cavite, Cavite State University- Main Campus, 1999.Description: 46p. : illustrations ; 28 cmContent type:

text

Media type:

unmediated

Carrier type:

volume

Subject(s):

DDC classification:

336.2 C81 1999

Online resources:

Click here to view thesis abstract and table of contents

Abstract: CORTEZ, CATALINA DESTURA, “A STUDY ON BUSINESS TAXATION IN THE PHILIPPINES”, Undergraduate Thesis, Bachelor of Science in Business Management, Major in Economics, Cavite State University, Indang, Cavite, 1999. Adviser : Prof. Gilchor P. Cubillo. A study was conducted to determine the following: (1) different types of taxes imposed on various businesses, (2) net contribution of business taxes to the country’s revenues; and (3) problems associated with the formulation of policies and implementation of business taxation. Business tax can be classified as direct and indirect . Direct tax is imposed on corporation whether it be domestic or foreign . Domestic corporations are those organized in the Philippines. While foreign corporations are those controlled by foreign investors. It maybe resident or non-resident foreign. Resident foreign are those having an office in the country while the non-resident foreign corporations are those not engaged in business within the Philippines. The indirect taxes include specific taxes, Privilege taxes, documentary stamp taxes, and mining taxes which are essentially excise taxes. However, taxable base and tax rate are considered in analyzing the different kinds of business taxation. The over-all collection in the year 1997 posted P 316.661 B including the payments through Tax Debit Memo. The highest collection from net income and profit amounted to 164.170 B while the lowest amount collected was P19.808 billion. On the other hand, the major sources are short on its target by 5.32 Percent while the highest percentage was from corporate taxes constituting 50 percent of the total collection on CY 1996 and 1997. In addition, the highest percentage was from corporate taxes with 50 percent of the total collection of income taxes both on CY 1996 and 1997. However, there are problems encountered in the formulation and implementation of policies. One of the basic problems was that the personnel who are not-oriented in the latest laws, rules and regulations on excise articles or goods. Another problem was the delaying in the submission of updates of excisable articles.

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Holdings
Item type	Current library	Collection	Call number	Materials specified	URL	Status	Notes	Date due	Barcode
Theses / Manuscripts	Ladislao N. Diwa Memorial Library Theses Section	Non-fiction	336.2 C81 1999 (Browse shelf(Opens below))		Link to resource	Room use only	T-1936		00002606

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Previous	336.1 P17 2016 Awareness, knowledge, and attitudes of Cavite State University students towards expanded students' grants-in-aid program for poverty alleviation /	336.2 An8 2004 A Study on business tax collection in Cavite /	336.2 B86 2005 Analysis of tax collection in three cities of Cavite /	336.2 C81 1999 A Study on business taxation in the Philippines /	336.2 D36 2013 Structure of business taxes in selected towns of Cavite /	336.2 F31 2019 Revenue and expenditure of Cities and Towns in Cavite from 2013 to 2017 /	336.2 M27 2018 Local government units' collection and utilization of real property tax under Special Education Fund Act in Cavite for the year 2012-2016 /	Next

Thesis (BSBM - - Economics) Cavite State University.

Includes bibliographical references.

CORTEZ, CATALINA DESTURA, “A STUDY ON BUSINESS TAXATION IN THE PHILIPPINES”, Undergraduate Thesis, Bachelor of Science in Business Management, Major in Economics, Cavite State University, Indang, Cavite, 1999. Adviser : Prof. Gilchor P. Cubillo.

A study was conducted to determine the following: (1) different types of taxes imposed on various businesses, (2) net contribution of business taxes to the country’s revenues; and (3) problems associated with the formulation of policies and implementation of business taxation. Business tax can be classified as direct and indirect . Direct tax is imposed on corporation whether it be domestic or foreign . Domestic corporations are those organized in the Philippines. While foreign corporations are those controlled by foreign investors. It maybe resident or non-resident foreign. Resident foreign are those having an office in the country while the non-resident foreign corporations are those not engaged in business within the Philippines.

The indirect taxes include specific taxes, Privilege taxes, documentary stamp taxes, and mining taxes which are essentially excise taxes. However, taxable base and tax rate are considered in analyzing the different kinds of business taxation.

The over-all collection in the year 1997 posted P 316.661 B including the payments through Tax Debit Memo. The highest collection from net income and profit amounted to 164.170 B while the lowest amount collected was P19.808 billion. On the other hand, the major sources are short on its target by 5.32 Percent while the highest percentage was from corporate taxes constituting 50 percent of the total collection on CY 1996 and 1997. In addition, the highest percentage was from corporate taxes with 50 percent of the total collection of income taxes both on CY 1996 and 1997.

However, there are problems encountered in the formulation and implementation of policies. One of the basic problems was that the personnel who are not-oriented in the latest laws, rules and regulations on excise articles or goods. Another problem was the delaying in the submission of updates of excisable articles.

Submitted to the University Library 05/12/1999 T-1936

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