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Questions and Answers
The Constitution provides for one of the limitations of the power of taxation: each LGU shall exercise the power to create its own sources of revenue and shall have a just share in the ______ taxes.
The Constitution provides for one of the limitations of the power of taxation: each LGU shall exercise the power to create its own sources of revenue and shall have a just share in the ______ taxes.
national
Local government units may exercise the power to levy taxes, fees or charges on any ______.
Local government units may exercise the power to levy taxes, fees or charges on any ______.
base
This is further put into law in Section 129, Book II of the Local Government Code as it states that each local government unit shall exercise its power to create its own sources of revenue and to levy taxes, fees, and ______ subject to the related provisions, consistent with the basic policy of local autonomy.
This is further put into law in Section 129, Book II of the Local Government Code as it states that each local government unit shall exercise its power to create its own sources of revenue and to levy taxes, fees, and ______ subject to the related provisions, consistent with the basic policy of local autonomy.
charges
Such taxes, ______, and charges shall accrue exclusively to the local government units.
Such taxes, ______, and charges shall accrue exclusively to the local government units.
'Fee' means a charge fixed by law or ordinance for the regulation or inspection of a ______ or activity.
'Fee' means a charge fixed by law or ordinance for the regulation or inspection of a ______ or activity.
Flashcards
Just share in national taxes
Just share in national taxes
A share of national taxes given to each local government unit.
Tax base
Tax base
Any item or activity that can be taxed by local governments.
Fee
Fee
Money collected by a local government for a specific service or regulation. This is not a general tax.
Sources of revenue for local government
Sources of revenue for local government
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Local autonomy
Local autonomy
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Study Notes
Local Government Units and Taxation
- Each Local Government Unit (LGU) has the power to create its own sources of revenue and has a just share in national internal revenue taxes.
- LGUs may exercise the power to levy taxes, fees, or charges on any business, trade, or activity.
- The Local Government Code, Section 129, Book II, states that each LGU shall exercise its power to create its own sources of revenue and to levy taxes, fees, and charges, subject to related provisions, consistent with the basic policy of local autonomy.
- Taxes, fees, and charges levied by LGUs shall accrue exclusively to the local government units.
Definition of 'Fee'
- A 'fee' is a charge fixed by law or ordinance for the regulation or inspection of a business or activity.
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Description
Test your knowledge on local government taxation with this quiz! Explore the fundamental principles and laws governing the power of taxation for LGUs, including their ability to create revenue sources and receive a fair share of national taxes.
