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Any gifts, donations, inheritances, or other properties received at no cost must be listed at the fair market value and the assessed value. [4] SALNs are required by law under Article XI Section 17 of the Philippine Constitution and Section 8 of Republic Act No. 6713, the Code of Conduct and Ethical Standards for Public Officials and Employees. [3]
Map showing the traditional island groups of Luzon, the Visayas, and Mindanao, with the largest city in each respective area. The Philippines is broadly divided into three traditional island groups: Luzon, the Visayas, and Mindanao. The Philippine flag's three stars are often taken to represent each of these geographical groupings. These island ...
BC Assessment maintains real property assessments in compliance with the Assessment Act which requires that properties be assessed as of 1 July each year. The final property tax amount is calculated by multiplying the municipal final property tax rate for the year by the BC Assessment value. Vancouver has the lowest property tax in Canada as a ...
Municipal government in the Philippines is divided into three – independent cities, component cities, and municipalities (sometimes referred to as towns). Several cities across the country are "independent cities" which means that they are not governed by a province, even though like Iloilo City the provincial capitol might be in the city.
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 Philippines has 7,641 islands comprising the Philippine archipelago. [2] The zone's coordinates are between 116° 40', and 126° 34' E longitude and 4° 40' and 21° 10' N latitude . It is bordered by the Philippine Sea [ 3 ] to the east and north, the South China Sea [ 4 ] to the west, and the Celebes Sea [ 5 ] to the south.
Below is a full list of primary-level subdivisions of local government in the Philippines. As of June 11, 2024, there are 82 provinces ( province ), 33 highly urbanized cities ( HUC ), 5 independent component cities ( ICC ), and one independent municipality ( NCR municipality ).
As of 2024, the Philippines is divided into 18 regions. Seventeen of these are mere administrative groupings, each provided by the president of the Philippines with a regional development council (RDC) – in the case of the National Capital Region (Metro Manila), an additional metropolitan development authority serves as the coordinating and ...