UST GOLDEN NOTES 2011

GENERAL PRINCIPLES Ad Valorem Tax Administrative Feasibility Benefits-Protection Theory Capitalization Characteristics Compensation Compromise Constitutional Limitations Direct Tax Doctrine Of Equitable Recoupment Doctrine Of Imprescriptibility Doctrine Of Mobilia Sequuntur Personam Doctrine Of Prospectivity Double Taxation Due Process Clause Equal Protection Of The Law Equality Equity Excise / Privilege Tax Fiscal Adequacy Flexible Tariff Clause General/Fiscal Or Revenue Gross Taxation Impact Of Taxation Incidence Of Taxation Indirect Tax Inherent Limitations International Comity Lifeblood Theory Local Or Municipal Tax National Tax Net Taxation Payment Personal/Poll Or Capitation Tax Principle Of Equality Progressive Tax Property Tax Proportional Refund Regressive Tax Situs Of Taxation Special / Regulatory Or Sumptuary Specific Strict Construction Rule Tax Administration Tax Amnesty Tax Avoidance Tax Evasion Tax Exemptions Tax Legislation Taxation Taxes Theoretical Justice Transformation Uniformity 36 5 6 11 4 12 13 22 36 13 7 19 7 7 30 30 22 22 36 5 29 36 36 10 10 36 15 20 6 36 36 36 33 36 31 36 36 36 33 36 18 36 36 14 33 13 10 10 11 33 1 34 5 11 22 NATIONAL INTERNAL REVENUE CODE Ability To Pay Actual Distraint Allowable Deductions Assessment Automatic Zero-Rated Transaction Benefits-Protection Theory Calendar Year Period Capital Asset Capital Gain Capital Civil Actions Claim Of Right Doctrine Collection Compensation Income Compromise Penalty Compromise Constructive Distraint Corporation Creditable Withholding Tax Criminal Actions De Minimis Benefits Deductions From Gross Income Deficiency Tax Delinquency Tax Distraint Donation Donations Inter Vivos Donations Mortis Causa Donors Tax Economic-Benefit Principle Effectively Zero-Rated Transaction Estate Tax Estate Final Withholding Tax Fiscal Year Period Flow Of Wealth Test Forfeiture Formal Letter Of Demand Fringe Benefit Fringe Benefit General Professional Partnership Global System Of Taxation Government Remedies Gross Estate Gross Gifts Gross Income Taxation Gross Income Income Tax Income Tax Income Individual Taxpayers Inheritance Tax Jeopardy Assessment Judicial Remedies Large Taxpayer Levy 125 215 79 190 160 125 39 53 54 46 207, 225 47 206 51 222 220 216 41 118 208, 227 105 79 193 193 215 144 124 124 144 47 160 124 43 118 39 47 219 201 102 52 43 37 214 126 147 49 49 37 45 46 39 124 193 225 234 217

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TAXATION TEAM: ADVISER: ATTY. PRUDENCE ANGELITA A. KASALA; SUBJECT HEAD: RODOLFO N. ANG, JR. ASST. SUBJECT HEADS: EDISON U. ORTIZ & VANESSA ROSE S. HERNANDEZ; MEMBERS: JOSE DUKE BAGULAYA, CHARLES L. GRANTOZA, CHRISTINE L. GUTIERREZ, CLARABEL ANNE R. LACSINA, DIVINE C. TEE, KEITH S. VALCOS

INDEX
Minimum Corporate Income Tax 107 Net Capital Loss Carry Over 60 Net Effect Test 47 Net Gift 148 Net Income Taxation 50 Net Income 50 Net Operating Loss Carry Over 60 Optional Standard Deduction 94 Ordinary Asset 53 Ordinary Gain 54 Passive Income 62 Personal Exemptions 95 Pre-Assessment Notice 200 Principle Of Constructive Receipt Of Income 47 Privilege Theory/State-Partnership Theory 125 Realization Test 47 Reasonable Private Benefit Plan 74 Redistribution Of Wealth 125 Royalties 66 Schedular System Of Income Taxation 37 Severance Test 47 State Partnership Theory 46 Tax Administration 231 Tax Benefit Rule 87 Tax Credit Method 155 Tax Lien 220 Tax Refund 208 Tax Return 121 Tax Return 180 Taxpayers Remedies 190 Transfer Taxes 123 Trust 43 Value-Added Tax 153 VAT-Exempt Transactions 166 Withholding Agent 119 Withholding Tax System 118 TARIFF AND CUSTOMS CODE OF 1978, AS AMENDED Abandonment Abatement Appeal Bureau Of Customs Comparison Of Special Duties Consumption Entry Customs Duties Customs Protest Customs Seizure Customs Valuation Doctrine Of Hot Pursuit Duty Drawback Fine Flexible Tariff Clause Fraudulent Practices Import Entry Liquidation Remedies Of The Government Remedies Of The Taxpayer Safeguard Measures Smuggling Tariff Tariff Commission Tax Lien 320 319 320 290 300 305 289, 298 309 310 303 312 319 319 289 316 305 308 317 318 302 310 289 291 317

JUDICIAL REMEDIES; COURT OF TAX APPEALS Citizens Suit Civil Cases Court Of Tax Appeals Criminal Cases Doctrine Of Ripeness For Review Double Nexus Test Judicial Procedures Jurisdiction Mode Of Appeal Motion For New Trial Motion For Reconsideration Taking Of Evidence Taxpayers Suit Transcendental Importance 336 328 324 334 337 337 328 325 339 330 330 330 336 337

LOCAL GOVERNMENT CODE OF 1991, AS AMENDED Business Tax Distraint Income Tax Levy Limitations On The Taxing Powers Local Tax Ordinance Local Taxation Local Taxes Local Taxing Authority Protest Of Assessment Real Property Tax Residual Taxing Power Taxing Power Of A Barangay Taxing Power Of A City Taxing Power Of A Municipality Taxing Power Of A Province 54 260 254 261 253 240 236 236 240 258 265 240 251 246 246 243

ACADEMICS CHAIR: LESTER JAY ALAN E. FLORES II UNIVERSITY OF VICE CHAIRS FOR ACADEMICS: KAREN JOY G. SABUGO & JOHN HENRY C. MENDOZA Facultad VICE CHAIR FOR ADMINISTRATION AND FINANCE: JEANELLE C. LEE VICE CHAIRS FOR LAY-OUT AND DESIGN: EARL LOUIE M. MASACAYAN & THEENA C. MARTINEZ

SANTO TOMAS de Derecho Civil

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