BUSINESS TAXATION

3. also known as community tax certificate
5. place of taxation
7. seizure of personal property
11. “Go to the ______”, 1st step to BIR registration of business
12. collected every yearly registration of motor vehicles
14. failure to pay taxes on time
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
17. involuntary payment of a tax unlawfully or erroneously assessed
18. cancellation of tax liability
20. eminent domain, police power and _____
22. _____ tax – levied on all property left by a deceased
25. immunity from tax liability
26. seizure of real property
27. _____ tax – levied on electric power consumption
28. levied on imported articles
29. tax collecting agency of the government

1. _____ tax – levied on the privilege of carrying out a commercial activity
2. moving goods illegally into or out of the country
4. _____ stamp tax - levied on instruments and papers like contracts
6. ascertaining the amount of tax due
8. _____ tax – collected from first class and economy class passengers of commercial aircrafts
9. also known as real property tax
10. additional amount on top of the tax due
13. divestiture of property without compensation
15. government agency implementing the tariff rates
19. imposed on the sale of goods & services; at the rate of 12%
21. a bill or document that shows a list of goods or services and the prices to be paid for them
23. _____ tax – levied on specified articles like alcohol, tobacco and mineral products
24. “Ask For ______”
28. ____’s tax – levied on gifts