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- Are Taxes and Fees the Same? | 31 March 2024
Are Taxes and Fees the Same? | 31 March 2024
Generally speaking, taxes are for revenue, whereas fees are exactions for purposes of regulation and inspection and are for that reason limited in amount as to what is necessary to cover the cost of the services rendered in that connection. (Bases Conversion and Development Authority and John Hay Management Corporation v. City Government of Baguio City, G.R. No. 192694, February 22, 2023)
Generally speaking, taxes are for revenue, whereas fees are exactions for purposes of regulation and inspection and are for that reason limited in amount as to what is necessary to cover the cost of the services rendered in that connection. (Bases Conversion and Development Authority and John Hay Management Corporation v. City Government of Baguio City, G.R. No. 192694, February 22, 2023)
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Alburo Alburo & Associates Law Offices:
• Have labor law and business law as our main fields of practice. For almost a decade now, we have been helping businesses improve their productivity and profitability by helping them comply with relevant laws, rules, and regulations.
• Observe high standards of excellence.
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