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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, a Donor's Tax, an estate tax, and a value-added tax on the sale of most goods and services in the Philippines.
This word has the same meaning in the modern Spanish judicial system. [6] fiscal [2] prosecutor Spanish A prosecutor, either at the city or provincial level, or nationwide Department of Justice level. Cf. procurator fiscal. G.R. N/A: English Abbreviation for General Register. See Case citation § Philippines. IBP N/A: English
For example, $225K would be understood to mean $225,000, and $3.6K would be understood to mean $3,600. Multiple K's are not commonly used to represent larger numbers. In other words, it would look odd to use $1.2KK to represent $1,200,000. Ke – Is used as an abbreviation for Cost of Equity (COE).
GRN may refer to: Broadcasting Global ... Goods Received Note; Granulin; Grenada, IOC and UNDP country code; Guarani dialects, ISO-639 code
This is a list of acronyms in the Philippines. [1] They are widely used in different sectors of Philippine society. Often acronyms are utilized to shorten the name of an institution or a company.
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 Financial Accounting Standards Advisory Council then voiced its concerns due to the increase of financial reporting guidance from the old U.S. GAAP standards, and the FASB responded by launching a new project to codify the standards. The project was approved in September 2004 by the Trustees of the Financial Accounting Foundation. [2]
The Department of Finance (DOF; Filipino: Kagawaran ng Pananalapi) is the executive department of the Philippine government responsible for the formulation, institutionalization and administration of fiscal policies, management of the financial resources of the government, supervision of the revenue operations of all local government units, the review, approval and management of all public ...