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BIR National Office Building: Agency overview; Formed: August 1, 1904; 120 years ago () Type: Revenue service Law Enforcement: Headquarters: BIR National Office Building, Senator Miriam P. Defensor-Santiago Avenue (BIR Road), Diliman, Quezon City, Philippines: Annual budget ₱9.93 billion (2021) [1] Agency executive
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 ...
The TRAIN Act is the first of four packages of tax reforms to the National Internal Revenue Code of 1997, or the Tax Code, as amended. [3] This package introduced changes in personal income tax (PIT), [ 4 ] estate tax, donor's tax, value added tax (VAT), documentary stamp tax (DST) and the excise tax of tobacco products, petroleum products ...
Section 284 of the Local Government Code of the Philippines (RA 7160) sets up the formula for the distribution of the allotment. All or nearly all of the revenue that a local government has to spend comes from their IRA, though some local governments also have additional local sources of revenue such as property taxes and government fees.
An Act creating three (3) additional Shari'a Judicial Districts and twelve (12) Shari'a Circuit Courts therein, and appropriating funds therefor, amending for the purpose Articles 138, 147, and 150 of Presidential Decree No. 1083, otherwise known as the "Code of Muslim Personal Laws in the Philippines [82]", as amended, and the relevant ...
Fair-catch free kick rule. Here's the exact wording of the NFL's rule on fair catches, from Rule 10, Section 2, Article 4: "After a fair catch is made or is awarded as the result of fair catch ...
Tax effort increased from 10.7% in 1985 to 15.4% in 1992, then peaked at 17.0% in 1997. The share of direct taxes to total taxes increased while that of trade taxes decreased. Income taxes could have performed better, and the tax system's fairness enhanced, had BIR implemented fully the approved reform imposing ceilings on allowable deductions.
Idaho can enforce a first-of-its-kind "abortion trafficking" law against those who harbor or transport a minor to get an abortion out of state without parental consent, a federal appeals court ...