Evolution of Philippine Taxation
Storyboard Descrição
by Jeizel V. Concepcion (BSA 2-A)
Texto do Storyboard
- Hi, Jiro! Would you mind if we review together about the Evolution of Philippine Taxation?
- Uhm, yeah, we thought it would be nice to gather up our knowledge.
- Yes, of course. Let’s talk about this over a cup of coffee.
- Shall we start?
- Yes, please.
- When Spaniards came in the Philippines, they started to collect “tributos” or tributes. It is to develop and improve the islands and to maintain it.
- TAXATION DURING THE COMMONWEALTH PERIOD
- It is also for the government officials’ salary and for the expenses of the clergy.
- In 1937, the cedula tax was abolished, which prepared to be a progressive move.
- You’re right, but in 1940, a residence tax was imposed on every citizen aged 18 years old and on every corporation.
- And in 1939, the Commonwealth drafted the National Internal Revenue Code, introducing major changes in the new tax system.
- Do you know those major changes?
- No, we weren’t paying much attention to our professor that time.
- Hahaha, I see, bad habits die hard huh? Anyways, I’ll just pm it to you two. It’s late already, we should go home now before the curfew.
- Thank you for your time, Jiro. Brielle and I learned a lot from you.
- Thank you too, I also learned a lot from the two of you. Till next time!
- Bye, Jiro! Bye, Angel! See you when I see you!
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