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local business tax

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1 local business tax on Thu Jan 14, 2016 12:04 pm


Arresto Menor
can municipalities impose local business taxes more than what is written in the local government code of 1991.

currently retailers and contractors in our municipality are taxed as follows:
1. retailers: 400,000 or less - 2.2%
more than 400,000 - 1.1%
2. contractors: more than 2,000,000 - 63.25% of 1%

then i went through book II of local government code and taxes mandated are as follows:
1. retailers: 400,000 or less - 2% ; >400k - 1%
2. contractors: >2M - not more than 50% of 1%

What's more concerning is the above taxes are computed quarterly and not per annum. so for a gross income of 3.9M, i was taxed 93K for the business permit.
Im no lawyer but i feel i might be wrongly taxed.

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