Taxation Under The locaL Government code

Front

The power to impose a tax, fee, or charge or to generate revenue under this Code shall be exercised by the "Sanggunian" of the local government unit concerned through an appropriate ordinance (Section 132, LGC).

Back

Local Taxing Authority

Front

What is the primary purpose of taxation powers granted to local government units (LGUs)?

Back

To give LGUs financial independence and strengthen local autonomy

Front

Which local government unit can impose real property tax?

Back

Province or City

Front

What is the maximum tax rate a barangay can impose on business sales or receipts?

Back

1%

Front

Under the Code, how often should real property assessments be conducted?

Back

Every 5 years

Front

What is the basis for computing the business tax imposed by a city or municipality on manufacturers?

Back

Gross sales or receipts from the preceding year

Front

Can provinces impose tax on sand, gravel, and other quarry resources?

Back

Yes, with a maximum rate of 10% of fair market value

Front

Unless otherwise provided in this Code, all local taxes, fees, and charges shall be paid within the first __ days of January or of each subsequent quarter, as the case may be.

Back

20

Front

Which law provides the framework for local taxation in the Philippines?

Back

Local Government Code of 1991

Front

Which type of tax is not within the taxing powers of LGUs? Business tax, Real property tax, Customs duties

Back

Customs duties