Situs of Taxation and Double Taxation

Where can a person rightfully levy and collect a tax according to the basic rule of situs of taxation?

In which state should real estate property taxes be paid according to the text?

What is an example of tax that depends on the municipality where the taxpayer resides?

Why is real estate property subject to taxation in the state where it is located?

Which term refers to the place where a property is situated and is used to determine its taxation?

Who may be subject to a poll tax according to the text?

Where is tangible personal property typically taxable according to the modern rule?

What does lex rei sitae refer to in relation to personal property?

What is the principle behind 'mobilia sequuntur personam'?

When can tangible property have a situs elsewhere according to the text?

Why are shares of stock in domestic corporations owned by non-resident foreigners taxable in the Philippines?

What determines the power to levy an excise tax regarding business, occupation, or transactions?

Situs of Taxation

Situs of taxation refers to the place of taxation, where the state has jurisdiction over the subject being taxed.
The basic rule is that the state where the subject has a situs may levy and collect the tax.

Cedula

Cedula is a form of tax imposed by the government.
To obtain a cedula, one must reside in the municipality where it is issued.

Real Property Tax

Real property is subject to taxation in the state where it is located, regardless of the owner's residence.
The rationale is that the taxing authority has control over the property and provides protection to it.

Tangible Personal Property

The modern rule is that tangible personal property is taxable in the state where it is physically located.
The Philippines adopts the rule of lex rei sitae for personal property.

Intangible Personal Property

Intangible personal property, such as credits and bonds, does not have an actual location.
The situs for taxation is at the domicile of the owner, following the principle of mobilia sequuntur personam.

Income Tax

Income tax may be exacted from residents, citizens, and non-residents who derive income from sources within the taxing state.

Business, Occupation, and Transaction

The power to levy an excise tax depends on the place where the business is done, the occupation is engaged in, or the transaction took place.

SALN (Statement of Assets, Liabilities, and Net Worth)

A declaration of assets, liabilities, and business/financial interests of an official/employee, their spouse, and unmarried children under 18.
Includes assets like land and vehicles, and liabilities like loans and debts.

Learn about situs of taxation, which refers to the place where taxes can be rightfully levied and collected. Understand the concept of double taxation and its implications. Explore examples such as cedula and how it is imposed by the government.