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National law: National Internal Revenue Code—enacted as Republic Act No. 8424 or the Tax Reform Act of 1997 [2] and subsequent laws amending it; the law was most recently amended by Republic Act No. 10963 or the Tax Reform for Acceleration and Inclusion Law; [3] and,
R. A. No. Title / Description Date signed Ref. 11976 Ease of Paying Taxes Act January 5, 2024 [42]11977 An Act establishing in the Municipality of Floridablanca, Province of Pampanga, a Campus of the Pampanga State Agricultural University, to be known as the "Pampanga State Agricultural University-Floridablanca Campus", and appropriating funds therefor
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.
Amending the Biofuels Act of 2006 or RA 9367: Allowing Use of Neat Diesel as Alternative Fuel in Natural Gas Power Generating Plants 2016-03-03: 10746: Changing the Name of a National High School: Dr. Manuel T. Cases Sr. National High School 2016-03-03: 10747: Rare Diseases Act of the Philippines 2016-03-07: 10748
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 ...
The United States of America gained control of the Philippines following the 1898 Spanish–American War and the subsequent Philippine–American War. [4] In 1902, the United States Congress passed the first organic act for the Philippines, the Philippine Organic Act, which acted like a constitution from 1902 until it was replaced by the Jones Act of 1916.
The National Internal Revenue Code is the law establishing the system of national taxation in the Philippines. The most recent extensive revision of the Code occurred in 1997, although the Code was amended in 2005 to expand the coverage and rates of value-added tax.
The TRAIN Act is the first of four packages of tax reforms to the National Internal Revenue Code of 1997, or the Tax Code, as amended. [3] This package introduced changes in personal income tax (PIT), [ 4 ] estate tax, donor's tax, value added tax (VAT), documentary stamp tax (DST) and the excise tax of tobacco products, petroleum products ...