BUSINESS TAXATION

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