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WebTo provide funds or property with which to promote the general welfare and protection of its citizens and to finance its multifarious activities. Regulatory Purpose. • Promotion of General Welfare. • Reduction of Social Inequality. • Economic Growth. Taxes imposed for regulation. • Excise taxes for sin products. WebTabag & Garcia Book Income Taxation Documents (2933) Students (2055) Practice materials Date year Ratings Exam 2015, questions and answers Accouting examination … WebIncome Taxation - tabag & garcia Auditing Theory (Mindanao State University) Downloaded by Jan Ling ([email protected]) lOMoARcPSD 11849942. ... Royalty income from sale of books 68,000 - Total P73,700 @ 10% 7,370 TOTAL FINAL TAX ON PASSIVE INCOME P68,030 Capital Gains Tax: Sale of lot (P1,060,000 x 6%) P63,600 ... reactionsnet.com