BUSINESS TAXATION

1. seizure of real property
5. “Go to the ______”, 1st step to BIR registration of business
8. place of taxation
9. also known as real property tax
10. _____ tax – levied on all property left by a deceased
12. divestiture of property without compensation
16. _____ stamp tax - levied on instruments and papers like contracts
18. additional amount on top of the tax due
19. _____ tax – levied on electric power consumption
21. cancellation of tax liability
22. moving goods illegally into or out of the country
26. a bill or document that shows a list of goods or services and the prices to be paid for them
27. immunity from tax liability

2. _____ tax – levied on specified articles like alcohol, tobacco and mineral products
3. ____’s tax – levied on gifts
4. involuntary payment of a tax unlawfully or erroneously assessed
6. levied on imported articles
7. _____ tax – collected from first class and economy class passengers of commercial aircrafts
9. ascertaining the amount of tax due
11. 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. seizure of personal property
14. eminent domain, police power and _____
15. _____ tax – levied on the privilege of carrying out a commercial activity
16. failure to pay taxes on time
17. also known as community tax certificate
20. imposed on the sale of goods & services; at the rate of 12%
23. tax collecting agency of the government
24. “Ask For ______”
25. government agency implementing the tariff rates
28. collected every yearly registration of motor vehicles