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The Large Taxpayers Monitoring System was also established under Commissioner Rualo's administration to closely monitor the tax compliance of the country's large taxpayers. The coming of the new millennium ushered in the changing of the guard in the BIR with the appointment of Dakila Fonacier as the new Commissioner of Internal Revenue.
The policy of taxation in the Philippines is governed chiefly by the Constitution of the Philippines and three Republic Acts. Constitution: Article VI, Section 28 of the Constitution states that "the rule of taxation shall be uniform and equitable" and that " Congress shall evolve a progressive system of taxation ".
The history of the community tax certificate entails three incarnations dating back to Spanish colonial times. Introduced in a 19th-century reform of the tax system which followed the Revolt Against the Tribute of 1589 which scrapped the system of tribute, as well as subsequent tax reforms, the cédula was issued to all indios or natives between the ages of 18 and 60 upon payment of a ...
On top of improving electronic systems (e.g. eBIR forms, Electronic Filing and Payment System, mobile payments) the following reforms are implemented: [23] Mandatory fuel marking; Provision for use of electronic receipts; Connection of cash registers and point of sale machines to BIR servers for real time reporting of sales and purchase data
In the Philippines, a government-owned and controlled corporation (GOCC), sometimes with an "and/or", [1] is a state-owned enterprise that conducts both commercial and non-commercial activity. Examples of the latter would be the Government Service Insurance System (GSIS), a social security system for government employees.
Hong Kong: abolished estate duty in 2006 for all deaths occurring on or after 11 February 2006. (See Estate Duty Ordinance Cap.111) India: had an estate tax from 1953 to 1985 [55] [56] Israel: abolished inheritance tax in 1981, but inherited assets are subject to a 20% to 45% capital gains tax upon their sale [57]
The two brothers are also "attempting to force the appointment" of an older sibling, John Seidler, as the team's control person, according to the lawsuit.
Carlos "Sonny" García Domínguez III (born September 16, 1945) [1] is a distinguished Filipino businessman who was appointed as Philippine Cabinet Secretary thrice: as Minister of Natural Resources (1986-1987), Secretary of Agriculture (1987-1989), and as Secretary of Finance (2016-2022).