This is in reply to some requests for copies of the 2009 BAR Exam Questions in Taxation. This questionnaire is in TWO (2) PARTS: Part I with ten (10) questions (numbered I to X), contained in six (6) pages; and Part II with ten (10) questions (numbered XI-XX), contained in five (5) pages, for a total number of eleven (11) pages. (Courtesy:http://sc.judiciary.gov.ph/bar/2009/TAXATION09.pdf)

Tonight, I finally got a copy from the judiciary’s website of the 2009 Taxation questionnaires and suddenly scan the same out of curiosity. After a few minutes on it, i can say:

“CPA and accounting graduate Barristers are more happier that the rest in Taxation”

I am not pretty sure who the two (2) examiners on taxation are, but I suspect that they are CPA-lawyers.

At present, we read on papers the many faces of financial crisis, budget deficit, failure to meet collection target, and the likes. Philippines in on a budgetary system where collections and expenditures are budgeted ahead. Expenditure is quite easy to meet as they simply spend on many things and in many ways, while collection [...]

Republic Act No. 9593 otherwise known as “Tourism Act of 2009” was approved into law on May 12, 2009. This declares Philippine Tourism as an indispensable element of the national economy and an industry of national interest and importance. More importantly is the creation of the so-called Tourism Economic Zones (TEZ) somewhat similar to that of Philippine Economic Zones (PEZA under RA No. 7916), and Bases Conversion and Development Authority (BCDA under RA No. 7227) Ecozones.

Regional Operating Headquarters (ROHQ) (Section 2(3), RA No. 8756) means a foreign business entity which is allowed to derive income in the Philippines by performing certain qualifying services to its affiliates, subsidiaries or branches in the Philippines, in the Asia-Pacific Region and in other foreign markets. It is a special entity allowed in the Philippines that is entitled to certain incentives and privileges. Find out its features, implications, and taxability.

Republic Act No. 9442 amending the MAGNA CARTA FOR DISABLED PERSONS had been approved on April 30, 2009 and introduced specific benefits and privileges to persons with disability in relation to its purchases of certain goods or services, protection from public ridicule and from vilification, and incentives to seller establishments, to those caring for and living with persons with disability, and to those individuals or non-governmental institutions establishing homes to suit the needs of persons with disability.