However, failure to comply and pay the correct LBT may result in a more adverse and immediate effect on the issuance of the mandatory business permit that an ongoing enterprise needs to operate.Given that a business may operate in various cities or municipalities in separate jurisdictions, it is important to understand situs, or the place of taxation relating to the payment of LBT.
To illustrate, for a plantation company whose principal office is located in Taguig City but maintains a plantation field in Cotabato, 70 percent of all sales recorded in its principal office must be taxable in the city of Cotabato and the other 30 percent must be taxable in the city of Taguig.
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