Which is TRUE? S1-Only the legislative body can exercise power to levy S2 - Only the executive department can assess and collect the taxes

SWFT Corp Partner Estates Trusts
42nd Edition
ISBN:9780357161548
Author:Raabe
Publisher:Raabe
Chapter1: Understanding And Working With The Federal Tax Law
Section: Chapter Questions
Problem 11DQ
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Income Taxation governing Philippine laws
Which is TRUE?
S1- Only the legislative body can exercise power to levy
$2 - Only the executive department can assess and collect the taxes
O Both are false
O S1 only
O S2 only
Both are true
Transcribed Image Text:Which is TRUE? S1- Only the legislative body can exercise power to levy $2 - Only the executive department can assess and collect the taxes O Both are false O S1 only O S2 only Both are true
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