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ORGANIZATION FOR TAX POLICY PLANNING AND TAX ADMINISTRATION

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Arglenn Ian

on 9 January 2014

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Transcript of ORGANIZATION FOR TAX POLICY PLANNING AND TAX ADMINISTRATION

ORGANIZATION FOR TAX POLICY PLANNING AND TAX ADMINISTRATION
Tax Policy Planning

Resolves primary questions such as who or what is to be taxed, the amount of the tax and for what purpose

Organization for Tax Policy Planning
THE JOINT LEGISLATIVE- EXECUTIVE TAX COMMISSION (JLETC)
-1959 Congress enacted Republic Act No. 2211 and purpose is to:
1. To undertake a comprehensive study of the need for additional revenue
2. To re-examine the existing tax system and tax policy
3. To conduct researches on taxation
4. To pass upon all tax measures and revenue proposals
5. To recommend such reforms or revisions on tax system


Organizational Chart
Working Procedures
Tax proposals presented to the Congress by the Commission come from any of the following sources:
a.) The Tax Commission itself
b.) Congressional Committees
c.) Office of the President
d.) Other government agencies such as BIR and Bureau of Customs
e.) The Private sector

Attempts at Comprehensive Revision:
Disaggregative Approach
The Bureau of Customs
The general duties, power and jurisdiction of Bureau of Customs:
Assess and collect lawful revenues from imported articles and all other dues, fees, charges, fines and penalties accruing under the Tariff and Customs Laws

Prevent and suppress smuggling and frauds upon the Customs


THE DEPARTMENT OF FINANCE
Is the financial administrator of the Philippine government.

Tax Enforcement/ Administration
Relates to the tasks of implementing tax laws by actually collecting from those subject to tax the amount due the government offers
2 major steps:
Assessment and imposition of tax liability
Collection of the tax
Since 1959, the commission has been occupied with multifarious activities

People want vis-à-vis tax matters

The commission undertook a comprehensive revision of the Tax Code in1965

Omnibus bill

Consolidated Tax Code of Bill in 1969

Now Republic Act No. 6110

Supervision and control over the handling of foreign mail arriving in the Philippines, for the purpose of collecting lawful duty on the dutiable articles thus imported and prevent smuggling through the medium of such mails

Supervise and control all import and export cargoes landed or stored in piers, terminal facilities, including container yards and freight stations; and
Exercise exclusive jurisdiction over seizure and forfeiture cases under the Tariff and Customs laws.

Important Functions
1. Supervise and control the financial affairs and financial agencies of local governments.
2. Initiate and formulate fiscal policies, taking into consideration the broad economic objectives being pursued by the government.
3. Study and recommend to the president of the Philippines, the issuance of bonds to finance public works and projects for economic development.

Bureau of Internal Revenue
Full transcript