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	<title>TaxBukPinoy.Com</title>
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	<link>http://taxbukpinoy.com</link>
	<description>Online Pinoy Taxation Texbook for Everyone</description>
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		<title>Changing Accounting Period &#8211; LT</title>
		<link>http://taxbukpinoy.com/2011/08/changing-accounting-period/</link>
		<comments>http://taxbukpinoy.com/2011/08/changing-accounting-period/#comments</comments>
		<pubDate>Mon, 15 Aug 2011 14:09:16 +0000</pubDate>
		<dc:creator>taxbukpinoy</dc:creator>
				<category><![CDATA[Updates]]></category>
		<category><![CDATA[accounting period]]></category>
		<category><![CDATA[change in accounting period]]></category>
		<category><![CDATA[Large taxpayers]]></category>
		<category><![CDATA[large taxpayers service]]></category>
		<category><![CDATA[LT]]></category>

		<guid isPermaLink="false">http://taxbukpinoy.com/?p=217</guid>
		<description><![CDATA[Large Taxpayers Service (LTS) is now included in the policies, guidelines and procedures on the application for change in accounting period under Section 46 of the NIRC of 1997, as amended. This is by virtue of Revenue Regulations No. 9-2011 (RR No. 9-11) amended Revenue Regulations No. 3-2011 (RR N0. 3-11). To initiate the change [...]]]></description>
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		<title>Principles of Sound Tax System</title>
		<link>http://taxbukpinoy.com/2011/08/principles-of-sound-tax-system/</link>
		<comments>http://taxbukpinoy.com/2011/08/principles-of-sound-tax-system/#comments</comments>
		<pubDate>Sun, 14 Aug 2011 13:59:48 +0000</pubDate>
		<dc:creator>taxbukpinoy</dc:creator>
				<category><![CDATA[National Taxes]]></category>
		<category><![CDATA[fundamentals of taxation]]></category>
		<category><![CDATA[nature of taxation]]></category>
		<category><![CDATA[power of taxation]]></category>

		<guid isPermaLink="false">http://taxbukpinoy.com/?p=187</guid>
		<description><![CDATA[The following are the basic principles of a sound tax system: • Fiscal adequacy means that government revenues from taxation must suffice to meet fiscal requirements. This implies that a good tax system of a State may not budget deficit. • Administrative feasibility means that tax laws, rules and regulations must be capable of being [...]]]></description>
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		<title>Classifications of Taxes</title>
		<link>http://taxbukpinoy.com/2011/08/classifications-of-taxes/</link>
		<comments>http://taxbukpinoy.com/2011/08/classifications-of-taxes/#comments</comments>
		<pubDate>Sun, 14 Aug 2011 13:48:46 +0000</pubDate>
		<dc:creator>taxbukpinoy</dc:creator>
				<category><![CDATA[National Taxes]]></category>
		<category><![CDATA[fundamentals of taxation]]></category>
		<category><![CDATA[limitations of the power of taxation]]></category>
		<category><![CDATA[nature of taxation]]></category>

		<guid isPermaLink="false">http://taxbukpinoy.com/?p=178</guid>
		<description><![CDATA[To further understand the concept of taxes, the following classifications are commonly provided: According to subject matter (What is being taxed?): a. Property tax – imposed upon the property located in a particular community. Example is real property tax under the Local Government Code of the Philippines. b. Personal tax – imposed upon a person [...]]]></description>
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		<title>Understanding Taxes</title>
		<link>http://taxbukpinoy.com/2011/08/understanding-taxes/</link>
		<comments>http://taxbukpinoy.com/2011/08/understanding-taxes/#comments</comments>
		<pubDate>Sun, 14 Aug 2011 13:41:21 +0000</pubDate>
		<dc:creator>taxbukpinoy</dc:creator>
				<category><![CDATA[Local Taxes]]></category>
		<category><![CDATA[National Taxes]]></category>
		<category><![CDATA[fundamentals of taxation]]></category>
		<category><![CDATA[nature of taxation]]></category>
		<category><![CDATA[philippines taxation]]></category>
		<category><![CDATA[power of taxation]]></category>
		<category><![CDATA[scope of taxation]]></category>

		<guid isPermaLink="false">http://taxbukpinoy.com/?p=176</guid>
		<description><![CDATA[As commonly defined, taxes refers to the enforced proportional contribution levied by the law-making body of the State for raise revenue to finance the various government expenditures. For easy understanding of its concept, the saying I first heard from my grandfather in my elementary days may be considered: “Government is the people, for (not poor) [...]]]></description>
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		<title>Inherent limitations</title>
		<link>http://taxbukpinoy.com/2011/08/inherent-limitations/</link>
		<comments>http://taxbukpinoy.com/2011/08/inherent-limitations/#comments</comments>
		<pubDate>Tue, 02 Aug 2011 12:22:22 +0000</pubDate>
		<dc:creator>taxbukpinoy</dc:creator>
				<category><![CDATA[National Taxes]]></category>
		<category><![CDATA[fundamentals of taxation]]></category>
		<category><![CDATA[inherent limitations]]></category>
		<category><![CDATA[limitations on power of taxation]]></category>

		<guid isPermaLink="false">http://taxbukpinoy.com/?p=92</guid>
		<description><![CDATA[Inherent limitations are those which are inherent with the power itself and which could be deduced from its very nature. 1. Public purpose. This requires that the purpose of imposing a particular tax must be for public. Public does not necessarily means direct benefits of the entire citizenry but maybe indirect only, though direct to [...]]]></description>
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		<title>Limitations on power of taxation</title>
		<link>http://taxbukpinoy.com/2011/08/limitations-on-power-of-taxation/</link>
		<comments>http://taxbukpinoy.com/2011/08/limitations-on-power-of-taxation/#comments</comments>
		<pubDate>Tue, 02 Aug 2011 12:19:23 +0000</pubDate>
		<dc:creator>taxbukpinoy</dc:creator>
				<category><![CDATA[National Taxes]]></category>
		<category><![CDATA[constitutional limitation]]></category>
		<category><![CDATA[inherent limitations]]></category>
		<category><![CDATA[limitations of the power of taxation]]></category>

		<guid isPermaLink="false">http://taxbukpinoy.com/?p=90</guid>
		<description><![CDATA[As earlier said, power of taxation is an inherent power where there is no need for an express grant from the Constitution. Such power exists with the existence of the State and need not be granted for it to exist. The power is so broad that the State through the Legislative department can tax on [...]]]></description>
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		<item>
		<title>Taxation power through other inherent powers</title>
		<link>http://taxbukpinoy.com/2011/08/taxation-power-through-other-inherent-powers/</link>
		<comments>http://taxbukpinoy.com/2011/08/taxation-power-through-other-inherent-powers/#comments</comments>
		<pubDate>Mon, 01 Aug 2011 11:20:58 +0000</pubDate>
		<dc:creator>taxbukpinoy</dc:creator>
				<category><![CDATA[National Taxes]]></category>
		<category><![CDATA[inherent powers]]></category>
		<category><![CDATA[police power]]></category>
		<category><![CDATA[power of imenent domain]]></category>
		<category><![CDATA[power of taxation]]></category>

		<guid isPermaLink="false">http://taxbukpinoy.com/?p=55</guid>
		<description><![CDATA[The main purpose of the power of taxation is to raise revenue. In some instances however, taxation is used as a medium of the exercise of other powers – the eminent domain and the police power. Power of eminent domain is that inherent power of the state to take private properties to be used for [...]]]></description>
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		<item>
		<title>Nature and scope of taxation power</title>
		<link>http://taxbukpinoy.com/2011/08/nature-and-scope-of-taxation-power/</link>
		<comments>http://taxbukpinoy.com/2011/08/nature-and-scope-of-taxation-power/#comments</comments>
		<pubDate>Mon, 01 Aug 2011 11:03:00 +0000</pubDate>
		<dc:creator>taxbukpinoy</dc:creator>
				<category><![CDATA[National Taxes]]></category>
		<category><![CDATA[fundamentals of taxation]]></category>
		<category><![CDATA[general principles]]></category>
		<category><![CDATA[nature of taxation]]></category>
		<category><![CDATA[power of taxation]]></category>
		<category><![CDATA[scope of taxation]]></category>

		<guid isPermaLink="false">http://taxbukpinoy.com/?p=53</guid>
		<description><![CDATA[By nature, power of taxation is inherent upon the existence of the State. Once the State comes to life, then, the power likewise comes to exist. The reason is that the State cannot survive without such power in the same manner that the humans cannot survive without air to breathe the air is inherent for [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Power of Taxation</title>
		<link>http://taxbukpinoy.com/2011/08/power-of-taxation/</link>
		<comments>http://taxbukpinoy.com/2011/08/power-of-taxation/#comments</comments>
		<pubDate>Mon, 01 Aug 2011 10:38:50 +0000</pubDate>
		<dc:creator>taxbukpinoy</dc:creator>
				<category><![CDATA[National Taxes]]></category>
		<category><![CDATA[general principles]]></category>
		<category><![CDATA[power of taxation]]></category>

		<guid isPermaLink="false">http://taxbukpinoy.com/?p=43</guid>
		<description><![CDATA[The power of taxation is normally defined in at least three (3) ways – as a power itself, as a means, or as a process – as follows: As a power, it refers to the inherent power of the State to impose proportionate burden from among the citizenry for the respective share in the cost [...]]]></description>
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		<item>
		<title>INTRODUCTION</title>
		<link>http://taxbukpinoy.com/2011/07/introduction/</link>
		<comments>http://taxbukpinoy.com/2011/07/introduction/#comments</comments>
		<pubDate>Sat, 30 Jul 2011 11:58:49 +0000</pubDate>
		<dc:creator>taxbukpinoy</dc:creator>
				<category><![CDATA[National Taxes]]></category>
		<category><![CDATA[BIR]]></category>
		<category><![CDATA[philippines taxation]]></category>
		<category><![CDATA[tax book]]></category>
		<category><![CDATA[textbook in taxation]]></category>

		<guid isPermaLink="false">http://taxbukpinoy.com/?p=83</guid>
		<description><![CDATA[This humble work is intended to make the study of the various technical rules of taxation less painful and easy for readers. Manner of writing is designed for a layman through the employ of simply English for easy absorption and inter relation of topics. Practical illustrations on selected topics are introduced and imports of Supreme [...]]]></description>
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