Olongapo City 2007 Revenue Code

December 2007OLONGAPO CITY TAX ORDINANCE NO. 022-07AN ORDINANCE REPEALING ORDINANCE NO. 81 SERIES OF 2002 AND PROVIDING FOR THE "OLONGAPO CITY 2007 REVENUE CODE"Be it ordained by the Sangguniang Panlungsod of Olongapo City, that:CHAPTER IGeneral ProvisionsARTICLE AShort Title and ScopeSECTION 1A.01. Title. — This Ordinance shall be known as the "Olongapo City 2007 Revenue Code."SECTION 1A.02. Scope. — This Code shall govern the levy, assessment and collection of taxes, fees, charges and other legal impositions within jurisdiction of Olongapo City.ARTICLE BDefinition of Terms and Rules of ConstructionSECTION 1B.01. Definitions. — When used in this Code, the term:Actual Use — refers to the purpose for which the person in possession thereof principally or predominantly utilizes the real property.Acquisition Cost — refers to the actual cost of the taxable machinery to its present owner, plus the cost of transportation, handling, including Value Added Tax (VAT) and installation at the present site.Advertising Agency — includes all persons who are engaged in the business of advertising for others by means of billboards, posters, placards, notices, signs, directories, pamphlets, leaflets,...