Bureau of Local Government Finance Opinion
Bureau of Local Government Finance Opinion • Bureau of Local Government Finance • Opinions • Mar 24, 1995
Full text
March 24, 1995 BUREAU OF LOCAL GOVERNMENT FINANCE OPINION Mr. Antonio V. Ulangkaya, Sr. Proprietor-General Manager A.V. Ulangkaya Rice & Corn Mill Kabacan, North Cotabato S i r : This refers to your letter dated February 14, 1995 requesting clarification of the definition and proper implementation of the following terms: 1. Income (as basis for computation of Community Tax, Sec. 157) 2. Gross sales (as basis for computation and implementation of Municipal License Tax) In this connection, please be informed that the said letter has been referred to the Municipal Treasurer of Kabacan for full comment and/or appropriate action under a 1st Indorsement of even date of this Bureau, copy enclosed. Very truly yours, (SGD.) LORINDA M. CARLOS Executive Director
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