Reviewer on taxation / Victorino C. Mamalateo and Mary Joy B. Mamalateo-Jusay

PART 1. General Principles and limitations on the power of taxation -- PART II. Income and withholding taxes -- PART III. Transfer Taxes -- PART IV. Value-Added tax (VAT) -- PART V. Documentary stamp tax -- PART VI. Tax Remedies -- PART VII. Court of Tax Appeals -- PART VIII. Local Government code -- PART IX. Tariff and customs code. General principles -- Inherent and constitutional limitations -- Income and withholding taxes -- Kinds of taxpayers -- Gross income -- Exclusions from gross income -- Return of capital deductions -- Tax bases and rates -- Ordinary assets and capital assets -- Tax-free exchanges -- Accounting methods and periods -- Withholding taxes -- Transfer taxes -- Estate tax.

This humble work, originally done by Atty. Vic, was primarily intended to help students of taxation better prepare for and pass the bar examinations, and to assist tax practitioners and taxpayers, in general, in improving their knowledge of taxation, whether it involves international, national, or local taxes. The coverage of this book was deliberately made comprehensive in order to address the common complaint of bar reviewees of having to buy several tax books. Thus, the book covers: (a) General Principles in Taxation; (b) Taxes under the National Internal Revenue Code, such as Income and Withholding Taxes, Transfer Taxes, Value Added Tax and Other Percentage Taxes, Documentary Stamp Tax, and Tax Remedies; (d) Jurisdiction of the Court of Tax Appeals; (e) Taxes under the Local Government Code; and (f) Tariffs and duties under the Tariff and Customs Code. It should be recognized, however, that because this book is a reviewer, some important legal principles and doctrines are not fully explained. (g) Inclusion (TRAIN). The original author presented the basic principles of law in topical forms for easier understanding. Drawing from his long, varied experience as a revenue official, tax practitioner, and professor of law, he follows an integrated approach in analyzing tax issues and problems. The co-author incorporates in this book the latest tax laws, regulations, and jurisprudence, including new laws granting tax incentives and laws with tax implications, as well as significant decisions of the courts up to year, 2018. In order to guide bar examinees on what are the common questions asked, and how such questions are briefly but adequately answered, the book includes the bar examination questions for 2018 and the bar examination questions and suggested answers for 2017 and the preceding years. On topics covered by previous bar questions that has been amended, appropriate notes have been made thereon.