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Questions and Answers
Each local government unit shall exercise its power to create its own sources of revenue and to levy ______, fees, and charges subject to the provisions herein, consistent with the basic policy of local autonomy.
taxes
Such ______, fees, and charges shall accrue exclusively to the local government units.
taxes
The provision herein shall govern the exercise by provinces, cities, municipalities and barangays of their ______ and other revenue-raising powers.
taxing
______ imposed by LGUs
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Remedies for ______ of revenues
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True or false: The Local Government Code outlines the power of local governments to create sources of revenue?
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True or false: Local government units have the authority to levy taxes, fees, and charges?
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True or false: The revenue generated from taxes, fees, and charges accrue exclusively to the national government?
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True or false: The exercise of local government taxation is governed by the Local Government Code?
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True or false: The Local Government Code applies to provinces, cities, municipalities, and barangays?
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