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He is the founding and managing partner of Divina Law, a law firm in the Philippines based in Makati. [2] He is a former President of the Philippine Association of Law Schools. [3] In October 2023, Divina was named one of the top 100 lawyers in the Philippines by the Asia Business Law Journal for six (6) consecutive years, from 2018 to 2023.
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 Senate had to wait for the House of Representatives version to get passed before it could start plenary discussions like other bills on budget or tax and appropriations. The Senate voted 17–1 to approve the Tax Reform Acceleration and Inclusion (TRAIN) bill, with Sen. Risa Hontiveros being the lone dissenter on November 28, 2017.
He is the managing lawyer of Rodriguez & Partners Law Firm which he helped establish in 2003. [5] He is also president of Quezon City Trial Lawyers League, and was treasurer of the UST Law Alumni Foundation (USTLAFI). He was also deputy general counsel of the Integrated Bar of the Philippines. [2]
Each tax season, people look for tax deductions and credits to either lower their balance or increase their refund. One rather obscure deduction: A partner can be claimed as a dependent if they ...
The Department of Finance (DOF; Filipino: Kagawaran ng Pananalapi) is the executive department of the Philippine government responsible for the formulation, institutionalization and administration of fiscal policies, management of the financial resources of the government, supervision of the revenue operations of all local government units, the review, approval and management of all public ...
2022 Federal Tax Brackets for Income Taxes Filed by April 18, 2023. Tax Bracket. Single. Married Filing Jointly or Qualifying Widow(er) Married Filing Separately. Head of Household. 10%. $0 to ...
A comparative graph of Revenue and Tax Effort from 2001 to 2010 [3] A comparative graph of Tax and Non-Tax Revenue contribution from 2001 to 2010 [4]. The Philippine government generates revenues mainly through personal and income tax collection, but a small portion of non-tax revenue is also collected through fees and licenses, privatization proceeds and income from other government ...