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The most recent extensive revision of the Code occurred in 1997, although the Code was amended in 2005 to expand the coverage and rates of value-added tax. The taxes imposed by the Code include a graduated income tax on all income earned by natural and juridical persons within the Philippines, a capital gains tax, excise tax on certain products ...
The LTFRB is in charge of regulating fares of public vehicles. In 2003, LTFRB granted fare discounts to senior citizens, persons with disabilities (PWD) and students. [11] The discount is equivalent to 20% of the regular or normal fare. According to the memorandum they issued, this is to give their needs the utmost priority. [12]
Percentage tax is a business tax imposed on persons or entities/transactions: who sell or lease goods, properties or services in the course of trade or business and are exempt from value-added tax (VAT) under Section 109 (w) of the National Internal Revenue Code, as amended, whose gross annual sales and/or receipts do not exceed Php 3,000,000 ...
Expressways in the Philippines have a passing lane designated for overtaking and lanes designated for slow-moving vehicles. [13] This however does not apply to public roads by default. Section 3 of DPWC AO No. 1 s. 1968 states that slow-moving vehicles on expressways must use the right lane and use the left lane only when passing. [13]
Stay updated on the news about taxes, deadlines, deductions, laws, the IRS, and all things related to your income taxes.
In April 2014, Uber was banned in Brussels, and the company was threatened with fines of €10,000 if it offers fares to drivers who are not in possession of a taxi license. [31] Bruxelles-Mobilite, the city's federal region administration responsible for infrastructure and traffic, impounded 13 cars aligned with Uber after March 2014 and a ...
A man accused of attacking a Colorado reporter after questioning whether he was a citizen and saying “This is Trump’s America now” has had mental health issues for years, his lawyer said.
To strictly enforce the payment of taxes and to further discourage tax evasion, RA No. 233 or the Rewards Law was passed on June 19, 1959 whereby informers were rewarded the 25% equivalent of the revenue collected from the tax evader. In 1964, the Philippines was re-divided anew into 15 regions and 72 inspection districts.