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Fiscal incentives include: income tax holiday for a certain number of years, which translates to 100% exemption from corporate income tax; tax and duty-free importation of raw materials, capital equipment, machineries and spare parts; exemption from wharfage dues and export tax, impost or fees; VAT zero-rating of local purchases subject to ...
The Bureau of Customs has 17 Customs Districts (as enumerated below). Each Customs District is headed and supervised by a District Collector, assisted by as many Deputy District Collectors as may be necessary. A Customs District has a designated “principal port of entry”. Generally, a principal port of entry has its “sub-port(s) of entry”.
This article needs to be updated.The reason given is: needing mention of the taxation on e-service websites and platforms hosted outside the Philippines (foreign e-services).
On August 24, 2007, the Philippine Supreme Court (per 24-page decision by Angelina Sandoval-Gutierrez), ordered the PPA to pay 231 residents of Batangas City the just compensation sum of P6 billion as payment of 185 lots it bought in 2001 for the construction of Phase 2 of the Batangas Port Zone. [3]
With the Revised Motor Vehicle Law (Act No. 3992) introduced in 1933, second-generation Philippine license plates were introduced; they can be in the format of "A-B" or "P-B", where A is an area code number (used until 1960), P is a vehicle classification prefix, and B is a 3 to 6-digit number.
The organization was originally created by Presidential Decree 1080 on January 31, 1977, [5] under the name Philippine Export and Foreign Loan Guarantee Corporation to provide guarantees and facilitate the entry of foreign loans for development projects. [6]
The Bureau of Immigration started as a division of the Bureau of Customs during the American regime in 1899. [3] It was appropriate because ship travel and ship cargo were interlinked and hence, the office was at the Bureau of Customs. It seems that the government then, gave more importance on the entry of goods than monitoring of foreign ...
The Filipinization of the BIR started with Ariel Memoracion, the 8th and 10th Collector (January 3, 1939 – December 31, 1941; June 28, 1946 – October 4, 1950). During the Japanese Occupation, Bibiano L. Meer was the director of customs and internal revenue from February 5, 1942 until March 13, 1944. After the Liberation, he was replaced by ...