BUSINESS TAXATION

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