Podcast
Questions and Answers
Which of the following is true about taxation in LGUs?
Which of the following is true about taxation in LGUs?
Who has the power to create their own sources of revenue and levy taxes, fees, and charges?
Who has the power to create their own sources of revenue and levy taxes, fees, and charges?
What are the types of LGUs mentioned in the text?
What are the types of LGUs mentioned in the text?
How can LGUs raise revenue?
How can LGUs raise revenue?
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What are the taxing powers of provinces?
What are the taxing powers of provinces?
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What are the taxing powers of municipalities?
What are the taxing powers of municipalities?
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Can LGUs let the collection of taxes be done by private persons?
Can LGUs let the collection of taxes be done by private persons?
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Who should benefit from the revenue collected by LGUs?
Who should benefit from the revenue collected by LGUs?
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What kind of taxation system should LGUs evolve?
What kind of taxation system should LGUs evolve?
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Can LGUs tax property or persons outside their territory?
Can LGUs tax property or persons outside their territory?
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Study Notes
- Taxation in LGUs should be uniform and equitable.
- LGUs have the power to create their own sources of revenue and levy taxes, fees, and charges.
- LGUs include cities, provinces, municipalities, and barangays.
- LGUs can raise revenue through service fees, public utility charges, and toll fees.
- Provinces have taxing powers on real property ownership, printing and publication, and quarry resources.
- Municipalities have taxing powers on businesses, permits/licenses, and fishery rentals.
- LGUs cannot let the collection of taxes to private persons.
- Revenue collected by LGUs should solely benefit the levying LGU.
- LGUs should evolve a progressive system of taxation.
- LGUs cannot tax property or persons outside their territory.
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Description
Test your knowledge on the taxation powers of Local Government Units (LGUs) in this informative quiz. From the types of taxes they can levy to the sources of revenue they can create, this quiz covers everything you need to know about LGU taxation. Learn about the different types of LGUs and their specific tax powers, as well as the restrictions and limitations that come with their taxing authority. Whether you're a student or a taxpayer, this quiz is a must-try to understand the intricacies of