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The policy of taxation in the Philippines is governed chiefly by the Constitution of the Philippines and three Republic Acts. Constitution: Article VI, Section 28 of the Constitution states that "the rule of taxation shall be uniform and equitable" and that " Congress shall evolve a progressive system of taxation ".
20% Discount and Value Added Tax Exemption on the purchase of certain goods and services such as Lodging Establishments, Restaurants, Recreation Centers, Purchase of Medicines and Foods for Special Medical Purposes, Medical and Dental Services, Diagnostic and Laboratory Fees and Professional Fees of Attending Doctors, Domestic Air and Sea ...
Article 99 of the Labor Code of the Philippines stipulates that an employer may go over but never below minimum wage. Paying below the minimum wage is illegal. [10] The Regional Tripartite Wages and Productivity Boards is the body that sets the amount for the minimum wage. In the Philippines, the minimum wage of a worker depends on where he works.
Eligible medical expenses vary depending on the type of HRA but may include the following: Medical services and treatments: Acupuncture. Addition treatment. Ambulances. Artificial limbs or teeth.
Comparing data from 2014 between Philippines, United States of America, and Canada, Philippines only spent 4.7% of their GDP on health while USA and Canada spent 17.1% and 10.4%. [2] [3] [4] Efforts are being performed to bridge the gap. On February 20, 2019, the Universal Health Care (UHC) Bill was signed into law, aiming to provide proper ...
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Medical billing practices vary across states and healthcare settings, influenced by federal regulations, state laws, and payor-specific requirements. Despite these variations, the fundamental goal remains consistent: to streamline the financial transactions between physicians and payors, ensuring access to care and financial sustainability for ...
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