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Evolution of Philippine Taxation
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by Jeizel V. Concepcion (BSA 2-A)
Text z Príbehu
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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