Tuesday, August 04, 2015

No business taxes on petroleum products

The power of local governments to impose business taxes is found in Section 143. However, this power is subject to the explicit statutory limitation in Section 133(h) which prohibits local governments from imposing “taxes, fees or charges on petroleum products.”[1]

[1] Batangas City v. Pilipinas Shell Petroleum Corporation, G.R. No. 187631, July 8, 2015.