Local Government Taxation

Flashcards on Local Government Taxation

What is the Local Business Tax according to Sec. 143?

A tax on business or local business tax.

What are Business and Occupation Fees as defined in Sec. 147?

Fees and charges on business and occupation, except for those professionals enumerated in Section 139.

What is charged under Weights and Measures Fees (Sec. 148)?

Fees for sealing and licensing of weights measures.

What do Fishery Fees (Sec. 149) encompass?

Fishery rentals, fees and charges.

What are included in Service Fees (Sec. 153)?

Other service fees and charges.

What is the Community Tax as stated in Sec. 156?

The community tax.

What do Public Utility Charges (Sec. 154) refer to?

Charges for public utilities.

What are Toll Fees (Sec. 155)?

Fees or charges for the use of toll facilities.

What do Other Taxes, Fees, or Charges under Sec. 186 include?

Any other taxes, fees or charges not explicitly listed.

What is the Real Property Tax under Sec. 232 specifically for?

A tax for municipalities within the Metro Manila area only.

What is the Special Education Fund Levy according to Sec. 235?

An additional levy on real property tax for the Special Education Fund, applicable for municipalities within the Metro Manila area only.

What does the Tax on Idle Lands (Sec. 236) entail?

An additional ad valorem tax on idle lands for municipalities within the Metro Manila area only.

What is the Special Levy (Sec. 240)?

A special levy on lands specially benefited by improvements.

How is the Community Tax for Married Couples calculated?

It is based upon the total property owned by a husband and wife and the total gross receipts or earnings derived by them.

What does the Real Property Tax involve?

A direct tax on ownership of lands, buildings, and other improvements, regardless of usage.

How is Assessed Value determined?

It refers to the market value of the property multiplied by the corresponding assessment level.

What is the Assessment Level?

The percentage applied to the market value to determine the taxable value of the property based on property classifications as prescribed in RA No. 7160