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A 1947 Republic of the Philippines Documentary Revenue 50 Centavos used on a 1949 Proxy document. [1] A 20c revenue stamp of the Philippines. Governing authorities in the Philippines have issued a variety of stamps for internal revenue taxes and other fiscal taxes since 1856. [2] Prior to 1856, internal revenues were collected via stamped paper.
These are the tax on lottery winnings and PCSO prizes, documentary stamp tax, and mining tax. With the implementation of the TRAIN Law, all PCSO lotto prizes are taxed at 20% if the prize exceeds ₱10,000. The documentary stamp tax has been doubled, resulting in stamp taxes ranging from ₱1.50 to ₱3.00.
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.
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 ...
The new special delivery stamp issued on December 22, 1947, pictured the Philippines' progress. The old stamp portrayed a postal messenger jogging against the background of Mt. Mayon, the new stamp showed a mail messenger riding on a bicycle to deliver a letter. In the background may be seen the Manila Post Office Building.
Real Estate Service Act of the Philippines: 2009-06-30: 9647: Philippine Normal University Modernization Act of 2009: 2009-06-30: 9648: Amending the National Internal Revenue Code of 1997 or RA 8424 : Exempting from Documentary Stamp Tax any Sale, Barter, or Exchange of Shares of Stock Listed and Traded through the Stock Exchange: 2009-07-07: 9649
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Exemptions on travel tax, documentary stamp, and airport fee [1] An Overseas Employment Certificate ( OEC ), also known as an exit pass or an exit clearance , [ 2 ] is an identity document for Filipino migrant workers or Overseas Filipino Workers (OFWs) departing from the Philippines .