PART 1: REVISITING THE BASICS

1. Revisiting the basics on renewal fees such as Local Business Tax, mayor’s permit & licenses, barangay business permit, sanitary inspection fee, garbage fee, building inspection fee, electrical inspection fee, mechanical inspection fee, plumbing inspection fee, fire inspection fee, personnel fee, business plate registration fee, community tax certificate & place of payment

2. Situs & allocation rules on company with branch, factory, warehouse, depot, plantation, manufacturers, assemblers, contractors, producers, power plant, and exporters with factories, project offices & plants including banks & other financial institutions, insurance, and mining with numerous presence throughout the country

3. Installment payment of Local Business Tax & deadlines, corresponding surcharge & interest rates on default, deadlines & extension

4. Revisiting the basics on application for new & start-up business & renewal documents, locational clearance, components of assessment sheet, registration & documentary requirements, permits & forms to fill-up,

5. What to do in case of tax mapping & inspection, documents need to prepare, how to address & respond to assessable penalties for noted violations, where & when to appeal,

6. Revisiting the basics of real property tax on land, building, improvements & machineries, timing of payment & availment of discount & amnesty

7. Reportorial requirements on semi-annual submission of list of employees to LGU

8. Revisiting the processes involved in the assessment by LGU, tax audit requirements, its basis & taxpayer’s remedies, refund process vs. offsetting mechanism

PART 2: SPECIAL CIRCUMSTANCES CITING BUREAU OF LOCAL GOVERNMENT FINANCE RULINGS & OPINIONS

a. How do I fix the over-withholding I made on some income payments brought about by the sudden change of the BIR on the rates as well as the documentary requirements for presentation?

b. What if I fail to apply the correct withholding tax rates from January up to present, what are my remedies to protect the interest of the Company against possible BIR assessment in the future?

c. What if I fail to withhold or deficient on withholding, can I still claim the same as deductible expenses? What are my remedies available?

d. What are the new BIR Forms I need to fill-up together with the new documentary requirements for submission to the BIR? Are there any reglementary periods I need to know?

• 

  Willie Santiago

  Director- Tax and Corporate Services of Diaz Murillo Dalupan and Company

PART 3: PRECEDENTS
 LBT exemption of ROHQ, logistics office, Local Water Districts, sale of real property by non-stock, non-profit institutions
 Business permit not required for temporary sales outlet or warehouse
 BOI-registered entities compliance to avail LBT exemption
 Real property tax exemption for donated land to LGU
 Cooperatives dealing with members exempt from LBT, extent of RPT exemption clarified
 LGU prohibited from imposing taxes on any business engaged in the production, manufacture, refining, distribution or sale of petroleum products
 Electric poles & steel towers of electric cooperatives subject to RPT on machineries
 Tax declarations as basis of RPT imposition
 Professionals exempt from securing Mayor’s Permit and paying LBT on practice of profession, practice of profession nationwide allowed, dental clinics exempt from LBT
 LBT imposition for a mining company into exploratory stage not allowed
 Open space in subdivision for public use exempt from RPT
 RPT exemption on real property owned by the government & political subdivisions

• 

  Willie Santiago

  Director- Tax and Corporate Services of Diaz Murillo Dalupan and Company