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  • Limitations On Local Government Code

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    Lailani Kato
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    Local government units in the Philippines are limited in the types of taxes they can levy. They cannot impose income taxes except on banks and financial institutions. They also cannot tax estates, gifts, legacies, documentary stamps, value-added taxes, excise taxes, agricultural and aquatic products sold by marginal farmers or fishermen, businesses certified by the Board of Investments, exported Philippine products, motor vehicle registration, or licenses and permits for countryside and barangay enterprises and cooperatives.

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    Limitations on Taxes, Charges and Fees of Local Government

    Original Title

    Limitations on Local Government Code

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    Local government units in the Philippines are limited in the types of taxes they can levy. They cannot impose income taxes except on banks and financial institutions. They also cannot tax estates, gifts, legacies, documentary stamps, value-added taxes, excise taxes, agricultural and aquatic products sold by marginal farmers or fishermen, businesses certified by the Board of Investments, exported Philippine products, motor vehicle registration, or licenses and permits for countryside and barangay enterprises and cooperatives.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    12 views2 pages

    Limitations On Local Government Code

    Uploaded by

    Lailani Kato
    Local government units in the Philippines are limited in the types of taxes they can levy. They cannot impose income taxes except on banks and financial institutions. They also cannot tax estates, gifts, legacies, documentary stamps, value-added taxes, excise taxes, agricultural and aquatic products sold by marginal farmers or fishermen, businesses certified by the Board of Investments, exported Philippine products, motor vehicle registration, or licenses and permits for countryside and barangay enterprises and cooperatives.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Common Limitations on the Taxing

    Powers of Local Government Units


    Income tax, except when levied on banks and other
    financial institutions
    Documentary stamp tax
    Taxes on estates, inheritance, gifts, legacies and other
    acquisitions
    Percentage or value-added tax (VAT)
    Excise taxes

    Common Limitations on the Taxing


    Powers of Local Government Units
    Taxes, fees or charges on agricultural and aquatic products when
    sold by marginal farmers or fishermen
    Taxes on business enterprises certified to by the Board of
    Investments
    Taxes, fees, or other charges on Philippine products actually
    exported
    Taxes, fees or charges for the registration of motor vehicles and
    for the issuance of all kinds of licenses or permits except tricycles
    Taxes, fees, or charges, on Countryside and Barangay Business
    Enterprises and Cooperatives

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