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The history of the community tax certificate entails three incarnations dating back to Spanish colonial times. Introduced in a 19th-century reform of the tax system which followed the Revolt Against the Tribute of 1589 which scrapped the system of tribute, as well as subsequent tax reforms, the cédula was issued to all indios or natives between the ages of 18 and 60 upon payment of a ...
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.
Each autonomous region has a unique form of government. The ARMM had a regional governor and a regional legislative assembly, mimicking the presidential system of the national government. The Bangsamoro will have a chief minister responsible to parliament, with parliament appointing a wa'lī, or a ceremonial governor, in a parliamentary system.
The Sangguniang Barangay, known in English as the Barangay Council [note 1] is the local government of a barangay, the smallest administrative division in the Philippines. Each of the 42,004 barangays in the country has its respective Sangguniang Barangay. The term is coined from the Tagalog words sanggunian (lit. ' advisory ') and barangay.
The Internal Revenue Allotment (IRA) is a local government unit’s (LGU) share of revenues from the Philippine national government. Provinces, independent cities, component cities, municipalities, and barangays each get a separate allotment.
This type of CD often comes in slightly unconventional term lengths — think seven or 11 months — and allows you to access your cash penalty-free at any time.
The Liga ng mga Barangay sa Pilipinas (League of Barangays in the Philippines) and the Asosasyon ng mga Kapitan ng Barangay (Association of Barangay Captains, ABC) are formal organizations of all the barangays in the Philippines. Presently, almost 42,000 barangays are part of this organization, making it the association of Philippine local ...
Tax-free growth for education. A 529 plan gives you a tax-advantaged way to save for education. You can stash money on an after-tax basis and then grow it tax-free. When you withdraw the money for ...