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  2. Taxation in the Philippines - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_the_Philippines

    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 ...

  3. Bureau of Internal Revenue - Wikipedia

    en.wikipedia.org/wiki/Bureau_of_Internal_Revenue

    The adoption of the VAT system was one of the structural reforms provided for in the 1986 Tax Reform Program, which was designed to simplify tax administration and make the tax system more equitable. It was also in 1988 that the Revenue Information Systems Services Inc. (RISSI) was abolished and transferred back to the BIR by virtue of a ...

  4. Waiting on a tax refund? What 'return being processed’ status ...

    www.aol.com/waiting-tax-refund-return-being...

    See: Avoid Tax Refund Delays in 2022 in 6 Simple Ways Find: Tax Refund 2022 — You Could Miss Out on $6,728 by Not Claiming the Earned Income Tax Credit.

  5. How big will your tax refund be? Changes this year make it ...

    www.aol.com/finance/big-tax-refund-changes...

    The Inflation Reduction Act (IRA) of 2022 increased the tax credit for solar panels from 26% of the costs to 30% and applies retroactively to panels bought in 2022, with no cap on the credit and ...

  6. Income tax - Wikipedia

    en.wikipedia.org/wiki/Income_tax

    The tax rate may increase as taxable income increases (referred to as graduated or progressive tax rates). The tax imposed on companies is usually known as corporate tax and is commonly levied at a flat rate. Individual income is often taxed at progressive rates where the tax rate applied to each additional unit of income increases (e.g., the ...

  7. Reasons You Might Not Get a Tax Refund This Year - AOL

    www.aol.com/finance/reasons-might-not-tax-refund...

    This means that families may see a smaller refund when filing taxes for the 2022 tax year compared to the previous 2021 tax year. According to the IRS, the average refund in 2022 (for the 2021 tax ...

  8. List of countries by tax rates - Wikipedia

    en.wikipedia.org/wiki/List_of_countries_by_tax_rates

    0% (free zone companies, [230] as well as mainland companies with less than 375,000 AED a year in profit, [231] may need to fill out a tax return) 9% (for mainland companies with a net profit over AED 375,000 annually, taxation paid to other countries credited towards UAE taxation, tax return required) [231] 0% [232] 5% [232] 0% [233]

  9. 8 Reasons Your Tax Refund Could Be Late This Year - AOL

    www.aol.com/8-reasons-tax-refund-could-110002503...

    March 14, 2022 at 7:00 AM. ... Avoid a tax refund delay by making sure all of your information is correct before you send anything to the IRS and your state taxation department. If possible, you ...

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