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- One time Daisy got curious about taxes so she asked her Papa...
- Those are what we called taxes.
- Let me tell you the Evolution of taxation in the Philippines. Are you ready Daisy?
- Papa, what do you called on amount that you're paying?
- Yes, Papa. I want to learn about taxes.
- PURPOSES AND SIGNIFICANCE OF TAX
- Yes, taxes are the major source of government Income.
- And this is what happened when Spaniards came,
- Papa I learned from my teacher that taxes are the lifeblood of the nation.
- TAXATION IN SPANISH PHILIPPINES
- Noooooo!! Don't do this to us! Please!
- Pleassseee!
- NO! WORK HARD! ALL OF YOU INDIOS!
- Taxation is the government’s mechanism to raise funds developed and evolved through time, and in the context of the Philippines, we must understand that it came with our colonial experience.
- TAXATION UNDER AMERICANS
- We want you to have a self efficient economy.
- Thank youuu so much!!
- The Governments raise revenue from the people they govern to be able to function fully.
- TAXATION DURING COMMONWEALTH PERIOD
- And you know what Daisy In 1937, the cedula Tax was abolished which prepared to be a progressive move. In 1939, the Commonwealth drafted the National Internal Revenue Code which introduced the Major changes in the new tax system.
- In Addition, the Tax Reform for Acceleration and Inclusion ( TRAIN) was also implemented. To aimed and generate revenue , to eradicate extreme poverty and to achieve higher income country status.
- When the Spaniards landed in the Philippines , they started to collected tributes. In 16th Century , Galleon trade has been Introduced. Force labor was a character of Spanish Colonial. And male Filipinos are obligated to serve which resulted to deaths in 17th Century. In 1884 payment of tribute ended due to cedula.
- End...
- I hope you learned a lot my daughter!
- The Americans who acquired the Philippines aimed to make the economy self-sufficient by running the Government with the smallest possible sum of revenue and create surplus in the budget. From 1898 to 1903, the Americans followed the Spanish system introduced by the Spaniards were outdated ang regressive.
- And now, Under Duterte's Administration he vowed to lower income tax rates for acceleration and rate shouldered by working Filipinos .
- Aquino Regime( 1965-1986_) Arroyo( 2000-2010) A major reform in the tax system was introduced under the term Aquino - the Value Added Tax (VAT). In 2002, under Arroyo's Regime, The Expanded Value Added-Tax ( E-VAT) was sign into law as RA 9337
- In conclusion, the primary purpose of taxation on the part of the government is to provide funds or property with which to promote the general welfare and the protection of its citizens and to enable it to finance its diverse activities. I
- Wow! I learned a lot Papa. Thank you for sharing the Evolution of Philippines Taxes!
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