Friday, November 16, 2007

Section 6A.01

C H A P T E R VI - GENERAL ADMINISTRATIVE AND PENAL PROVISION

Article A. Collection and Accounting City Revenues

Section 6A.01 Tax Period and Manner Payment - Unless otherwise provided in this Code, the tax period of all the city’s taxes, fees and charges shall be the calendar year.

Section 6A.02 Accrual of Tax – Unless otherwise provided in this Code, all city taxes, fees and charges shall accrue on the first (1st) day of January of each year. However, new taxes, fees and charges and the rates thereof, shall accrue on the first (1st) day of the quarter next following the effectively of the ordnance imposing such new levies or rates.

Section 6A.03 Time of Payment - Unless otherwise provided in this Code, all city taxes, fees and charges shall be paid on or before January 31 or of each subsequent quarter and as the case may be. The Sanguniang Panlungsod, for justifiable reason may extend the time of payment of such taxes, fees and charges without surcharges or penalties but only for a period not exceeding six (6) months.

Section 6A.04 Surcharges and Penalties on unpaid taxes, fees or charges - There is hereby imposed a surcharge of twenty-five percent (25%) of the amount of taxes, fees or charges not paid on time and an interest at the rate of two percent (2%) per month of the unpaid taxes, fees or charges including surcharges, until such amount is fully paid but in no case shall the total interest on the unpaid amount or position thereof exceed thirty six (36) months.

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