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Sample Cases

Sample cases about General principles of accounting
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0% found this document useful (0 votes)
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Sample Cases

Sample cases about General principles of accounting
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Sample Case Mactan Cebu Internation Airport (MCIA) vs. Hon.

Marcos

The power to tax is primarily vested in the Congress; however, in our jurisdiction, it may be

exercised by local legislative bodies, no longer merely by virtue of a valid delegation as before, but

pursuant to direct authority conferred by Section 5, Article X of the Constitution. 22 Under the latter, the

exercise of the power may be subject to such guidelines and limitations as the Congress may provide

which, however, must be consistent with the basic policy of local autonomy.

There can be no question that under Section 14 of R.A. No. 6958 the petitioner is exempt from the

payment of realty taxes imposed by the National Government or any of its political subdivisions,

agencies, and instrumentalities. Nevertheless, since taxation is the rule and exemption therefrom the

exception, the exemption may thus be withdrawn at the pleasure of the taxing authority. The only

exception to this rule is where the exemption was granted to private parties based on material

consideration of a mutual nature, which then becomes contractual and is thus covered by the
nonimpairment clause of the Constitution. 23

The LGC, enacted pursuant to Section 3, Article X of the constitution provides for the exercise by
local government units of their power to tax, the scope thereof or its limitations, and the exemption

from taxation.

The supreme court held that the real properties of MIAA are owned by the Republic of the

Philippines and thus exempt from real estate tax. A government instrumentality like MIAA falls under

Section 133(o) of the Local Government Code, which states — xxx, the exercise of the taxing

powers of provinces, cities, municipalities, and barangays shall not extend to the levy of the

following: xxx (o) Taxes, fees or charges of any kind on the National Government, its agencies and

instrumentalities and local government units.

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