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The government's aim to elevate the less fortunate in the Philippines and drive development is exemplified as the TRAIN repeals 54 out of 61 of the non-essential VAT exemption. In order to protect these less fortunate persons, as well as small and micro businesses, they are exempted from VAT on goods and services of marginal establishments.
The Bayanihan to Recover as One Act, also known as Bayanihan 2, [1] and officially designated as Republic Act No. 11494, is a law in the Philippines that was enacted in September 2020 granting the President additional authority to combat the COVID-19 pandemic in the Philippines. [2] [3]
lifting the 30% cap on the amount for the quick respond fund as provided for in Republic Act No. 10121 or the "Philippine Disaster Risk Reduction and Management Act of 2010" during the state of national emergency due to COVID-19. The President of the Philippines shall submit a weekly report to Congress, every Monday, of all acts done for this ...
Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020 – March 2020; Families First Coronavirus Response Act – March 2020; Coronavirus Aid, Relief, and Economic Security Act (CARES Act) – Includes $1200 stimulus checks, March 2020; Paycheck Protection Program and Health Care Enhancement Act – April 2020
Listed below are executive orders signed by Philippine President Bongbong Marcos. Executive Order(s) (EO) are issued by the President to help officials and agencies in the operations management of the Executive Branch of the Philippine Government. He signed a total of 81 Executive Orders to date.
July 26 – A former top United States official states that the U.S. Department of Defense covertly admitted to conducting a mass misinformation campaign targeting the Philippines using social media bots and fake accounts to disparage the safety of Chinese COVID-19 vaccines during the height of the COVID-19 pandemic, following public denial of ...
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 COVID-19 pandemic in the Philippines was a part of the worldwide pandemic of coronavirus disease 2019 caused by severe acute respiratory syndrome coronavirus 2 . [4] As of February 24, 2025, there have been 4,173,631 [ 1 ] reported cases, and 66,864 [ 1 ] reported deaths, the fifth highest in Southeast Asia , behind Vietnam , Indonesia ...