BUSINESS TAXATION

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Across
  1. 2. also known as real property tax
  2. 4. government agency implementing the tariff rates
  3. 6. collected every yearly registration of motor vehicles
  4. 8. cancellation of tax liability
  5. 10. “Ask For ______”
  6. 13. additional amount on top of the tax due
  7. 14. divestiture of property without compensation
  8. 15. seizure of personal property
  9. 16. agreement whereby the taxpayer offers to pay something less than what is due and the government accepts it as a full settlement of his tax liability
  10. 20. failure to pay taxes on time
  11. 21. ____’s tax – levied on gifts
  12. 22. _____ tax – levied on the privilege of carrying out a commercial activity
  13. 24. _____ tax – levied on specified articles like alcohol, tobacco and mineral products
  14. 27. place of taxation
  15. 28. _____ tax – collected from first class and economy class passengers of commercial aircrafts
Down
  1. 1. eminent domain, police power and _____
  2. 3. _____ tax – levied on all property left by a deceased
  3. 5. moving goods illegally into or out of the country
  4. 7. tax collecting agency of the government
  5. 9. immunity from tax liability
  6. 11. a bill or document that shows a list of goods or services and the prices to be paid for them
  7. 12. ascertaining the amount of tax due
  8. 15. _____ stamp tax - levied on instruments and papers like contracts
  9. 17. seizure of real property
  10. 18. involuntary payment of a tax unlawfully or erroneously assessed
  11. 19. “Go to the ______”, 1st step to BIR registration of business
  12. 20. levied on imported articles
  13. 23. also known as community tax certificate
  14. 25. _____ tax – levied on electric power consumption
  15. 26. imposed on the sale of goods & services; at the rate of 12%