BUSINESS TAXATION

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