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The Bureau of Internal Revenue [2] (BIR; Filipino: Kawanihan ng Rentas Internas) is a revenue service for the Philippine government, which is responsible for collecting more than half of the total tax revenues of the government. It is an agency of the Department of Finance and it is led by a Commissioner.
Disposals of unlisted shares between January 1 and February 29, 2024, are exempt, making the effective start date March 1, 2024. Tax Rates: For assets acquired before January 1, 2024: Tax is either 10% on chargeable income or 2% on the gross disposal price. For assets acquired on or after January 1, 2024: Taxed at 10% of chargeable income.
A Schedule of Values (SOV) is a detailed schedule apportioning the original contract sum and all change orders, among all cost code divisions or portions of the work. The Schedule of Values shall be based on the approved budget or the approved Fixed Price, or GMP, Cost-Plus Contract type as applicable.
The origin of the current rate schedules is the Internal Revenue Code of 1986 (IRC), [2] [3] which is separately published as Title 26 of the United States Code. [4] With that law, the U.S. Congress created four types of rate tables, all of which are based on a taxpayer's filing status (e.g., "married individuals filing joint returns," "heads of households").
Zonal Employee Discount (ZED) is a multilateral agreement for reduced rate personal travel by airline employees and other travelers. Airlines may bilaterally agree to apply one of three fare levels (Low, Medium, High), space-available / subload and / or positive space / firm reservation status, as well as eligibility for travel in the economy and / or business class cabins.
Direct tax in the form of an income tax was introduced by Sir James Wilson in India in 1860 to overcome the difficulties created by the Indian Rebellion of 1857. [12] The organisational history of the Income-tax Department, however, starts in the year 1922, when the Income-tax Act [4], 1922 gave, for the first time, a specific nomenclature to various Income-tax authorities.
Zonal and meridional flow are directions and regions of fluid flow on a globe. Zonal flow follows a pattern along latitudinal lines, latitudinal circles or in the west–east direction. [ 1 ] Meridional flow follows a pattern from north to south, or from south to north, along the Earth's longitude lines, longitudinal circles ( meridian ) or in ...
J 2 = 1.082 63 × 10 −3 is the coefficient for the second zonal term related to the oblateness of the Earth, R E ≈ 6378 km is the mean radius of the Earth, p is the semi-latus rectum of the orbit, i is the inclination of the orbit to the equator.