Revenue Administration

Revenue Administration
Revenue administration is a major point of contact between government and the

people. Good revenue administration thus becomes an important feature of good
governance. This fact has made policy makers increasingly mindful of the need to
promote voluntary tax compliance by reducing the costs incurred by taxpayers to comply
with their tax obligation. Promoting voluntary compliance is achieved through a set of
measures that includes: (i) a self-assessment system, (ii) a well-designed compliance
strategy based on risk management, (iii) good taxpayer services to help and educate
taxpayers to meet their obligations, and (iv) simple and harmonized procedures for
collection of different taxes and contributions. In the effort to harmonize procedures and
minimize the need for citizens to respond to multiple agencies, many countries have
integrated their revenue administrations, either by merging tax and customs
administration, or by unifying collection of tax and social security contributions, or by
both.
Revenue Administration
A. Government Revenues / School Revenues
B. B. Sources of Funds of private and public educational institutions
Government Revenues- Money received by a government.
Revenues earned by the government are:
1. a. taxes
2. b. non-taxable sources
A. income tax – Individual- 5% to 32%.

– Corporate-30%.
For income tax purposes educational institutions are classified as:

a.proprietary educational institutions
b.non-stock, non-profit educational institutions institution
c.government educational institutions.
B. Business Taxes-
--Value added tax (VAT)
– Percentage Tax
– Excise taxes
Non Taxable sources-

•Rents, concessions,and Fines collected (parking fines, court costson
criminal offenders)
•Fees for the granting or issuance of permits or licenses. Examples include

vehicle registration plate permits, vehicle registration fees, , building fees, driver's
licenses, hunting and fishing licenses, fees for professional.
•Donations and voluntary contributions to the state
SOURCE OF FUNDS
BATAS PAMBANSA BILANG 232 AN ACT PROVIDING FOR THE

ESTABLISHMENT AND MAINTENANCE OF AN INTEGRATED SYSTEM OF
EDUCATION.
CHAPTER 5
School Finance and Assistance
A. FUNDING OF PUBLIC SCHOOLS
• Sec. 34. National Funds. — Public school shall continue to be funded

from national funds.
• Sec. 35. Financial Aid Assistance to Public Secondary Schools. — The
national government shall extend financial aid and assistance to public
secondary schools established and maintained by local governments,
including barangay high schools.
• Sec. 36. Share of Local Government. — Provinces, cities and municipalities

and barangays shall appropriate funds in their annual budgets for the operation
and maintenance of public secondary schools on the basis of national fund
participation.
• Sec. 38. Tuition and other School Fees. — Secondary and post-secondary
schools may charge tuition and other school fees, in order to improve facilities or
to accommodate more students.
• Sec. 39. Income from other Sources. — Government-supported educational

institution may receive grants, legacies, donations and gifts for purposes allowed
by existing laws.
B. FUNDING OF PRIVATE SCHOOLS
Sec. 40. Funding of Private Schools. — Private schools may be funded from
their capital investment or equity contributions, tuition fees and other school
charges, grants, loans, subsidies, passive investment income and income from
other sources.
Sec. 41. Government Assistance. — The government, in recognition of their

complementary role in the educational system, may provide aid to the programs of
private schools in the form of grants or scholarships, or loans from government
financial institutions.
Sec. 42. Tuition and Other Fees. — Each private school shall determine its rate
of tuition and other school fees or charges.
Sec. 43. Income from Other Sources. — Any private school duly recognized by
the government, may receive any grant and legacy, donation, gift, bequest or devise
from any individual, institution, corporation, foundation, trust of philanthropic
organization, or research institution or organization as may be authorized by law.
Sec. 47. Relating to Gifts or Donations to Schools. — All gifts or donation in

favor of any school, college or university recognized by the Government shall not
be subject to tax; Provided, That such gifts or donations shall be for improvement
of classrooms and laboratory of library facilities, and shall not inure to the benefit
of any officer, director, official, or owner or owners of the school, or paid out as
salary, adjustments or allowance of any form or nature whatsoever, except in
support of faculty and/or professorial chairs.

Revenue Administration

Uploaded by

Copyright:

Available Formats

Revenue Administration

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Revenue Administration

Uploaded by

Copyright:

Available Formats

Revenue Administration

Revenue administration is a major point of contact between government and the

A. Government Revenues / School Revenues

B. B. Sources of Funds of private and public educational institutions

Government Revenues- Money received by a government.

Revenues earned by the government are:

A. income tax – Individual- 5% to 32%.

For income tax purposes educational institutions are classified as:

Non Taxable sources-

•Fees for the granting or issuance of permits or licenses. Examples include

BATAS PAMBANSA BILANG 232 AN ACT PROVIDING FOR THE

A. FUNDING OF PUBLIC SCHOOLS

• Sec. 34. National Funds. — Public school shall continue to be funded

• Sec. 36. Share of Local Government. — Provinces, cities and municipalities

• Sec. 39. Income from other Sources. — Government-supported educational

Sec. 41. Government Assistance. — The government, in recognition of their

Sec. 47. Relating to Gifts or Donations to Schools. — All gifts or donation in

You might also like