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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 ".
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Based on the Rules of the Senate, the Senate Committee on Trade, Commerce and Entrepreneurship has 9 members. The President Pro Tempore, the Majority Floor Leader, and the Minority Floor Leader are ex officio members. Here are the members of the committee in the 18th Congress as of September 24, 2020: [2]
The Supreme Court, in a decision dated December 7, 2021 and only publicized in September 2022, declared unconstitutional two subsections which imposed new taxes on Philippine Offshore Gaming Operator licensees: Section 11(f) (5% franchise tax on gaming operations) and Section 11(g) (taxes on non-gaming operations, including income and VAT).
2020 in the Philippines details events of note that have occurred in the Philippines in 2020. This year is largely defined by COVID-19 pandemic that caused of the national economic recession and continued until the state of public health emergency was lifted in the country on July 21, 2023.
Furthermore, America applied a deindustrialization policy and supported Free Market reforms in the Philippines, assigning it a role of only "supplying raw materials" while being open to foreign imports, because Japan was designated to be the main industrial export power in Asia, [41] thus retarding Industrialization efforts in the Philippines ...
As prescribed by House Rules, the committee's jurisdiction is on the creation, organization, operation, reorganization and amendments of the charters of government-owned or controlled corporations which includes the following: [1]
2020 Philippine television series debuts (49 P) Pages in category "2020 establishments in the Philippines" The following 39 pages are in this category, out of 39 total.