Ordinance Including Value-Added Tax and Other Taxes to the Rates and Charges of the Marikina Hotel and Convention Center in Accordance with Section 2.5 of Bureau of Internal Revenue Regulation No. 18-2012

March 29, 2017MARIKINA CITY ORDINANCE NO. 015-17ORDINANCE INCLUDING VALUE-ADDED TAX AND OTHER TAXES TO THE RATES AND CHARGES OF THE MARIKINA HOTEL AND CONVENTION CENTER IN ACCORDANCE WITH SECTION 2.5 OF BUREAU OF INTERNAL REVENUE REGULATION NO. 18-2012Introduced by:Councilor Manuel E. SarmientoWHEREAS, the Marikina Hotel and Convention Center, by virtue of Ordinance No. 119, Series of 2003 and Ordinance No. 26, Series of 2009, respectively, was created as the economic enterprise of the City Government of Marikina in the exercise of its proprietary functions in accordance with Section 22 of R.A. 7160 otherwise known as the Local Government Code of 1991;WHEREAS, the Bureau of Internal Revenue (BIR) Regulation No. 18-2012, in particular Section 2.5 on Government Proprietary Functions, prescribed that: "for purposes of these regulations, when x x x local government unit acts in its proprietary character, it is regarded as having the rights and obligations of a private corporation. For government entities to be taxable, the following requisites must concur: (1) the government entity concerned must not be performing an essential governmental function; (2)...