Legal Process of Taxation
ED 240 Chapter 4Prof. Benhope J. Ruelo Ed. D
Legal Process of Taxation
President- is the Head or chief Executive under the present
system of government
Legislative Function- is vested in the bicameral congress.
Members of the House of Representatives- are elected from
legislative district apportion among provinces, cities and Metro
Manila.
Other House Members- are those who shall be elected through a
party- list system of registered national, regional and sectoral
representatives or organizations.The Department of Finance- is the
principal office charge with the formulation and implementation of
tax policies.
The Secretary of Finance- recommends to the president the tax
policy measures which are submitted to the congress. Major
Operating BureausThe Bureau of CustomsBureau of Internal
Revenue
1991 Local Government Code- the taxes are levied by the
respective Sanggunian and approved by the local chief
executive.Budgeta. Nature of Budgeting b. Budget FormulationIt is a
legal document, an act of the legislative department whereby the
executive is authorized to incur certain expenditure and to levy
taxes, with its own requirements for content and structure.
It is a political document setting for the financial policies of
the government.It is a management tool and the basis for
accounting, specifying for each agency how much they can spend and
for what purpose.
Finally, it is a document indicating the economic significance
of the governments policies and program.- The budget process
metamorphosed from the early years of American period up to the
passage of the Jones Law in 1916 when a budget office was created
within the Department of Finance to exercise the budgeting
function.1935 Constitution- established budget policy and
procedure, both of which were amplified in a series of laws and
executive acts over the years.
The Budget Commission- was established by Executive Order No. 25
issued on April 25, 1936. It became a Ministry by virtue of P.D.
No. 1405, signed on June 11, 1978.The Budget Act- this process was
established by Commonwealth Act No. 246 which was passed by the
Philippine Assembly on December 17, 1937.Budget Reform Decree of
1997- a series of budgetary reforms were directed by the
constitution of 1973 and various presidential decrees that
culminated in P.D. No. 1177.Thank you...Michelle s. tingcang
MASTERAND
