BUSINESS TAXATION

2. also known as real property tax
4. government agency implementing the tariff rates
6. collected every yearly registration of motor vehicles
8. cancellation of tax liability
10. “Ask For ______”
13. additional amount on top of the tax due
14. divestiture of property without compensation
15. seizure of personal property
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
20. failure to pay taxes on time
21. ____’s tax – levied on gifts
22. _____ tax – levied on the privilege of carrying out a commercial activity
24. _____ tax – levied on specified articles like alcohol, tobacco and mineral products
27. place of taxation
28. _____ tax – collected from first class and economy class passengers of commercial aircrafts

1. eminent domain, police power and _____
3. _____ tax – levied on all property left by a deceased
5. moving goods illegally into or out of the country
7. tax collecting agency of the government
9. immunity from tax liability
11. a bill or document that shows a list of goods or services and the prices to be paid for them
12. ascertaining the amount of tax due
15. _____ stamp tax - levied on instruments and papers like contracts
17. seizure of real property
18. involuntary payment of a tax unlawfully or erroneously assessed
19. “Go to the ______”, 1st step to BIR registration of business
20. levied on imported articles
23. also known as community tax certificate
25. _____ tax – levied on electric power consumption
26. imposed on the sale of goods & services; at the rate of 12%