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The Civil Code governs private law in the Philippines, including obligations and contracts, succession, torts and damages, property. It was enacted in 1950. Book I of the Civil Code, which governed marriage and family law, was supplanted by the Family Code in 1987. [2] Republic Act No. 6657: Comprehensive Agrarian Reform Code
Income tax schedule for individuals effective FY 2018 until FY 2022 [3] Annual taxable income Tax to pay Over But not over P0: P250,000: 0% P250,000: P400,000: 20% of the excess over P250,000 P400,000: P800,000: P30,000 + 25% of the excess over P400,000 P800,000: P2,000,000: P130,000 + 30% of the excess over P800,000 P2,000,000: P8,000,000
An Act declaring July 2 of every year a special nonworking holiday in Pasig City to be known as the "Araw ng Pasig" November 6, 2024 [129] 12063 Enterprise-Based Education and Training (EBET) Framework Act November 7, 2024 [130] 12064 Philippine Maritime Zones Act [131] 12065 Philippine Archipelagic Sea Lanes Act [132] 12066
In 2024, federal income tax rates remain at 10%, 12%, 22%, 24%, 32%, 35%, and 37%. While these rates stay the same for 2025, the income thresholds for each bracket will adjust for inflation.
Flat tax of 8% on gross sales or gross revenues in lieu of percentage tax and personal income tax. [25] "TRAIN aims to clean up the VAT system to make it fairer and simpler and lower the cost of compliance for both the taxpayers and tax administrators". [25] As such, VAT exemptions are now only limited to health, education and raw agriculture food.
February 8, 2024 [55] 56 Regulating the issuance of low-numbered (protocol) license plates to government officials March 25, 2024 [56] 57 Strengthening the Philippines’ maritime security and maritime domain awareness [57] 58 Adopting the National Cybersecurity Plan 2023-2028, and directing the implementation thereof April 4, 2024 [58] 59
March 25, 2020 Bayanihan to Heal as One Act of 2020: RA 11479 July 3, 2020 Anti-Terrorism Act of 2020: RA 11494 September 11, 2020 Bayanihan to Recover as One Act of 2020: RA 11641 December 30, 2021 Department of Migrant Workers (DMW) Act of 2021: RA 11934 October 10, 2022 SIM Registration Act: RA 11996 May 24, 2024 Eddie Garcia Law [4] [5]
Three (3) new departments were created, namely: 1) Legal, 2) Assessment and 3) Collection. On the latter part of January of the same year, Memorandum Order No. V-188 created the Withholding Tax Unit, which was placed under the Income Tax Division of the Assessment Department.