Answer to Question #270476 in Accounting for Another you

Question

1. What government institution formulates fiscal policy to ensure adequate funding of our country?

2-6. Name at least 5 bureaus, agencies or government corporations who are under the supervision of no. 1.

7. What government agency is tasked to assess and collect all national internal revenue taxes, fees, and charges, and to enforce all forfeitures, penalties, and fines connected therewith?

8-10. Name the 2019 top 3 corporate taxpayers in the Philippines.

Answer 1

Solution:

1.). The Department of Finance (DOF)

 

2 - 6.). These include the following:

·        BUREAU OF INTERNAL REVENUE (BIR)

·        BUREAU OF CUSTOMS (BOC)

·        BUREAU OF TREASURY (BTR)

·        BUREAU OF LOCAL GOVERNMENT FINANCE (BLGF)

·        SECURITIES AND EXCHANGE COMMISSION (SEC)

 

7.). The Bureau of Internal Revenue

 

8.).  The 2019 top three corporate taxpayers in the Philippines are:

·        BDO Unibank

·        Robinsons Land

·        Manila Electric Company