Time for the payment.
Section 55
SEC. 55. Time for the payment. — Unless otherwise specifically provided in this Code, all taxes due and accruing to the local governments shall be paid within the first twenty days of January or of each subsequent quarter, as the case may be. The local board or council may for a justifiable reason or cause, like floods, fire, typhoons and other natural calamities, extend for an additional period of not exceeding thirty days the time for payment of a license tax without penalty.