Exam (elaborations)
Classification of Taxes Questions with Solutions
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Classification of Taxes
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Classification of TaxesFiscal or revenue tax - answer A tax imposed for general purpose
Regulatory - answer A tax imposed to regulate business, conduct, acts or transactions
Sumptuary - answerA tax levied to achieve some social or economic objectives
Fiscal or revenue tax, regulatory, and sumptuary - answer As to purpose:
Personal, poll or capitation - answer A tax on persons who are residents of a particular
territory
Property tax - answerA tax on properties, real or personal
Excise or privilege tax - answerA tax imposed upon the performance of an act,
enjoyment of a privilege or engagement in an occupationt
Personal, poll or capitation,, property tax and excise or privilege tax - answerAs to
subject matter:
Direct tax - answerWhen both the impact and incidence of taxation rest upon the same
taxpayer
Direct tax - answerThe tax is collected from the person who is intended to pay the
same.
Direct tax - answerThe statutory taxpayer is the economic taxpayer
Indirect tax - answerWhen the tax is paid by any person other than the one who is
intended to pay the same
Indirect tax - answerThis occurs in the case of business taxes where the statutory
taxpayer is not the economic taxpayer
statutory taxpayer - answeris the person named by law to pay the tax
Economic taxpayer - answerIs the one who actually pays the tax
Specific tax - answerA tax of a fixed amount imposed on a per unit basis such as per
kilo, liter or meter, etc.
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