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The most recent extensive revision of the Code occurred in 1997, although the Code was amended in 2005 to expand the coverage and rates of value-added tax. The taxes imposed by the Code include a graduated income tax on all income earned by natural and juridical persons within the Philippines, a capital gains tax, excise tax on certain products ...
However, the Motor Vehicle Office was abolished in 1964 by Republic Act No. 4136 or the Land Transportation and Traffic Code. The Land Transportation and Traffic Code was an act that compiled all the laws relative to transportation and traffic rules, to create a land transportation commission and for other purposes. [6]
Philippine Statistics Authority: Married Filipino citizens [1] National identity card Philippine Identification System (PhilSys) ID: Philippine Statistics Authority: Filipino citizens and non-Filipino citizens with permanent residency [4] NBI clearance: National Bureau of Investigation [5] Overseas Employment Certificate
Percentage tax is a business tax imposed on persons or entities/transactions: who sell or lease goods, properties or services in the course of trade or business and are exempt from value-added tax (VAT) under Section 109 (w) of the National Internal Revenue Code, as amended, whose gross annual sales and/or receipts do not exceed Php 3,000,000 ...
TAXING SITUATION The Philippines is to impose a 12% value-added tax on overseas digital service providers operating in the country, including Netflix, HBO and Disney. The measure was signed into ...
In April 2014, Uber was banned in Brussels, and the company was threatened with fines of €10,000 if it offers fares to drivers who are not in possession of a taxi license. [31] Bruxelles-Mobilite, the city's federal region administration responsible for infrastructure and traffic, impounded 13 cars aligned with Uber after March 2014 and a ...
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To strictly enforce the payment of taxes and to further discourage tax evasion, RA No. 233 or the Rewards Law was passed on June 19, 1959 whereby informers were rewarded the 25% equivalent of the revenue collected from the tax evader. In 1964, the Philippines was re-divided anew into 15 regions and 72 inspection districts.