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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.
Use of Form W-2 was established by the Current Tax Payment Act of 1943 as part of an effort to withhold income at source. The first Form W-2s were issued to employees in 1944. [4] In 1965, the form's name was changed from "Withholding Tax Statement" to "Wage and Tax Statement" (current name). [4]
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.
Northwell Health partnered with Stacker to analyze the 2023 Surgeon General's Advisory on the "epidemic of loneliness and isolation" to investigate trends in American social connection.
The Fed hiked its policy rate by 5.25 percentage points between March 2022 and July 2023 to tame inflation. The dollar was steady against a basket of currencies. U.S. Treasury yields rose.
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The arrests occur amid a number of reported drone sightings in the Northeast, including New Jersey, New York and Pennsylvania.
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