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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 ".
In early 1972, three congressmen — Roman, Roces, and Sarmiento - sponsored the bill to convert the free trade zone authority into government corporation. This would grant the power of a corporation combined with the coercive strength of the Philippine Government to move the project ahead, especially regarding the relocation of residents.
An operating expense (opex) [a] is an ongoing cost for running a product, business, or system. [1] Its counterpart, a capital expenditure (capex), is the cost of developing or providing non-consumable parts for the product or system.
The credit covers 50% of startup costs, up to $5,000 per year, for the first three years of the plan. Eligible expenses covered by the credit include setting up, administering, and providing ...
The good news is that there are policy solutions to these challenges that local and state governments can enact without waiting for a new tax bill to get through Congress.
ROBS is a tax-free way to fund a startup or existing business without taking on new debt. No credit requirements for approval . ROBS could be a funding option for those with bad credit .
The Court of Tax Appeals (Filipino: Hukuman ng Apelasyon sa Buwis [2]) is the special court of limited jurisdiction, and has the same level with the Court of Appeals. The court consists of 8 Associate Justices and 1 Presiding Justice.
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