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In 1996, three of the four Atlantic provinces—New Brunswick, Newfoundland and Labrador, and Nova Scotia—entered into an agreement with the Government of Canada to implement what was initially termed the "blended sales tax" (renamed to "harmonized sales tax") which would combine the 7% federal GST with the provincial sales taxes of those provinces; as part of this project, the PST portion ...
Note that the taxes paid by both the manufacturer and the retailer to the government are 10% of the values added by their respective business practices (e.g. the value added by the manufacturer is $1.20 minus $1.00, thus the tax payable by the manufacturer is ($1.20 – $1.00) × 10% = $0.02).
GST was implemented at a single rate of 3% on 1 April 1994, with an assurance that it would not be raised for at least five years. To cushion the impact of GST on Singaporean households, an offset package was also introduced. Simultaneously, corporate tax rate was cut by 3% to 27%, and the top marginal personal income tax rate was cut by 3% to 30%.
The Labor Export Policy (LEP) [13] of the Philippines aims to protect and support its migrant workers. For a country who chooses to solve its unemployment by making work abroad more convenient for Filipinos, the Philippines has made several processes in order to protect and support its citizens.
Under Subsection 187.1 of the Intellectual Property Code of the Philippines, [4] the reproduction of a published work shall be permitted without the owner's authorization given that the reproduction was made for research purposes. The permission granted here shall not extend to: A work of architecture in the form of building or other construction
The Philippine government is preparing for the cocoa shortage by the year 2020 and aims to increase production to 100,000 metric tons. [31] Although the Philippines is failing to meet the local demand of 30,000 metric tons, the strong effort and government support is sure to make an impact in years to come.
Field of tobacco in rural Philippines. First introduced in 1592, tobacco continues to dominate the social, political, and economic life in the Philippine regions where it is grown. The tobacco industry is a major force in the development of these areas, especially in Ilocos, in which it is still one of the region's leading sources of income.
The United Arab Emirates [b] (UAE), or simply the Emirates, [c] is a country in West Asia, in the Middle East, at the eastern end of the Arabian Peninsula.It is a federal elective monarchy made up of seven emirates, with Abu Dhabi serving as its capital. [15]