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Taxes imposed at the national level are collected by the Bureau of Internal Revenue (BIR), while those imposed at the local level (i.e., provincial, city, municipal, barangay) are collected by a local treasurer's office.
Romeo Lumagui, Jr. currently serves as the Commissioner of BIR since November 15, 2022. [3] The BIR is responsible for collection of all internal revenue taxes, fees and charges and the enforcement of all forfeitures, penalties, and fines connected with these including the execution of judgments for which it has police powers.
In Australia, a fiscal year is commonly called a "financial year" (FY) and starts on 1 July and ends on the next 30 June. Financial years are designated by the calendar year of the second half of the period. For example, financial year 2025 is the 12-month period ending on 30 June 2025 and can be referred to as FY2024/25.
The employer sets aside an allowance for each employee in the form of a QSEHRA. Employer contributions go in tax-free, and employees receive qualified reimbursements tax-free. QSEHRAs: Eligible ...
See today's average mortgage rates for a 30-year fixed mortgage, 15-year fixed, jumbo loans, refinance rates and more — including up-to-date rate news.
Prominent Oakland rapper Saafir has died. He was 54. On Tuesday, Nov. 19, fellow emcee Xzibit (born Alvin Nathaniel Joiner) confirmed the death of his former Golden State Project groupmate Saafir ...
Defence expenditure was pegged at US$70.12 billion for fiscal year 2022–23 and, increased 9.8% than previous fiscal year. [277] India is the world's second largest arms importer; between 2016 and 2020, it accounted for 9.5% of the total global arms imports . [ 278 ]
An 836-pound “cursed” emerald worth nearly $1 billion will be returned to Brazil after 15 years under lock and key in Los Angeles. The 180,000-carat Bahia Emerald was smuggled out of the South ...