Republic of the Philippines
Province of Ilocos Norte
CITY OF LAOAG
OFFICE OF THE SANGGUNIANG
PANLUNGSOD
WHEREAS, City Ordinance No. 2001-016
(Tax Ordinance 01-01), otherwise known as “AN ORDINANCE ENACTING THE REVISED
REVENUE CODE OF 2001 OF THE CITY IOF LAOAG”, has defined “Gross Sales or
Receipts” under Section 1B.01(h) as follows: “Gross Sales or Receipts” include
the total amount of money or its equivalent representing the contract price,
compensation or service fee, including the amount charged or materials supplied
with the services ad deposits or advance payments actually or constructively
received during the taxable quarter for the services performed or to be
performed for another person including discounts if determinable at the time of
sales, sales return, excise tax, and value-added tax (VAT);
WHEREAS, because of this definition in
our Revenue Code, Representative of the City Treasurer’s Office found a tax
deficiency collectible from GOLDEN ABC Inc. because the Value-Added Tax (VAT)
was included as part of their “Goss Sales o Receipts”,
WHEREAS, the definition of “Gross
Sales or Receipts” in the Local Government Code excludes discounts if
determinable at the time of sales, sales return, excise tax and value-added tax
(VAT) , reason for which GOLDEN ABC Inc., brought the matter to the attention
of the Honorable City Mayor;
WHEREAS, the City Mayor, did not only
refer the matter to the City Legal Officer, who wrote his findings and recommendation
for the amendment of the definition of “Gross Sales or Receipts” in our Revenue
Code, but also to this Body;
WHEREAS, The Committee on Laws, Rules
and Regulations, also found the findings of the City Legal Officer to be
correct and that the amendment of the definition of “Gross Sales or Receipts”
in our Revenue Code is proper;
WHEREFORE, upon motion of Hon. David
C. Frez, duly seconded by Hon. Francis Manolito B. Dacuycuy, M.D., the Body
with members present,
RESOLVED, as it is hereby resolved to
enact
CITY
ORDINANCE NO. 2011-025
Series of 2011
AN ORDINANCE AMENDING SECTION 1B.01(h)
OF CITY ORDINANCE NO. 2001-016, (TAX ORDINANCE 01-01), OTHERWISE KNOWN AS THE
“REVENUE CODE OF 2001 OF THE CITY OF LAOAG.
Be it enacted
that:
Section 1. Section 1B.01(h) of the Revenue Code of 2001
of the City of Laoag, is hereby amended to read as follows:
“(h)
“Gross Sales or Receipts” include the total amount of money or its
equivalent representing its contract price, compensation or service fee,
including the amount charged or materials supplied with the services and
deposits or advance payments actually or constructively received during the
taxable quarter for the service performed or to be performed for another person
excluding discounts if determinable at the time of sales, sales return,
excise tax, and value-added tax (VAT);
Section 2. All ordinances, resolutions, motions or part
thereof not consistent herewith arte hereby repealed, amended or superseded
accordingly;
Section 3. This ordinance shall take effect upon
approval.
Carried
APPROVED this 21st day of
September, 2011, by the members of the Sangguniang Panlungsod present with the
following votes:
Those in favor: Siazon, Ong Sin,
Respicio, Lao, Tamayo, Dacuycuy, Chua, Frez, Fariñas, Maulit.
Nays:
N o n e
Abstentions: N o n e
I HEREBY CERTIFY that the
foregoing is a true, correct, and faithful excerpt from the minutes of the 61st
Regular Session of the 8th Sangguniang Panlungsod held at the Session Hall on
September 21, 2011.
(SGD) ENRICO A. AURELIO
Secretary
to the Sanggunian
Attested:
(Sgd)
ATTY. DONALD G. NICOLAS
Acting City Vice Mayor/ Presiding Officer
Approved: October 4, 2011
(SGD) MICHAEL V. FARIÑAS
City Mayor
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