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Three Filipinos served as BIR Collectors under the American regime: Wenceslao Trinidad (1918–1922); Juan Posadas Jr. (1922–1934); and Alfredo L. Yatco (1934–1938). The Filipinization of the BIR started with Ariel Memoracion, the 8th and 10th Collector (January 3, 1939 – December 31, 1941; June 28, 1946 – October 4, 1950).
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 .
Fiscal incentives include: income tax holiday for a certain number of years, which translates to 100% exemption from corporate income tax; tax and duty-free importation of raw materials, capital equipment, machineries and spare parts; exemption from wharfage dues and export tax, impost or fees; VAT zero-rating of local purchases subject to ...
The New Government Procurement Act of 2024, officially designated as Republic Act No. 12009, is a Philippine law which prescribes the necessary rules to address the lack of transparency and competition in government procurement, eliminate collusion and interference, and lessen the delay in the procurement process by creating the Government Procurement Policy Board (GPPB) and PhilGEPs.
A business improvement district (BID) is a defined area within whichever businesses elect to pay an additional fee (or assessment) in order to fund projects within the district's boundaries. A BID is not a tax, as taxes fund the government. BID funds are collected and used for the exclusive benefit of the industry that pays the assessment.
A tender announcement from the Indonesian Ministry of Finance. An invitation to tender (ITT, also known as a call for bids [1] or a request for tenders) is a formal, structured procedure for generating competing offers from different potential suppliers or contractors looking to obtain an award of business activity in works, supply, or service contracts, often from companies who have been ...
For international visitors: US laws allow visitors some exemptions, like tobacco, gifts, personal effects, etc. The head of a household can complete a form for a family. It is good to check the current duties and exemptions to avoid tax or loss of goods. Anyone travelling with more than $10,000 must declare it. [5] [38] [39] Shannon Airport ...
Construction bidding is the process of submitting a proposal to undertake, or manage the undertaking of a construction project. The process starts with a cost estimate from blueprints and material take offs .