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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 policy of taxation in the Philippines is governed chiefly by the Constitution of the Philippines and three Republic Acts. Constitution: Article VI, Section 28 of the Constitution states that "the rule of taxation shall be uniform and equitable" and that " Congress shall evolve a progressive system of taxation ".
June 13, 1990 The Anti-Mail Order Bride Act: RA 7160 October 10, 1991 Local Government Code of 1991: RA 8293 June 6, 1997 The Intellectual Property Code of the Philippines (the copyright law). RA 8353 September 30, 1997 The Anti-Rape Act of 1997: RA 8485 February 11, 1998 The Animal Welfare Act of 1998 RA 9184 January 10, 2003
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 ...
Previously, only decision, judgment, ruling or inaction of the Commissioner of Internal Revenue, the Commissioner of Customs, the Secretary of Finance, the Secretary of Trade and Industry, or the Secretary of Agriculture, involving the National Internal Revenue Code and the Tariff and Customs Code on civil matters are appealable to the Court of ...
Following the period of the American regime of the Philippines from 1899 to 1901, the first civil government was created under William Howard Taft, Governor-General of the Philippines, in 1902. The BIR would be created under the second civil governor, Luke E. Wright , with the passage of Reorganization Act No. 1189 on July 2, 1904 by the ...
As a result of the 1986 tax reform program, average tax effort rose to 13.1 percent during the Aquino administration (1986–1992) and to 16.2 percent during the Ramos administration (1993–1998). Revenue effort rose steadily until the next round of tax reforms. Tax effort increased from 10.7% in 1985 to 15.4% in 1992, then peaked at 17.0% in ...
On November 8, 2008, the Court, by a vote of 6–5, held that the exemptions in the Cityhood Laws were unconstitutional because Sec. 10, Art. X of the Constitution requires that such exemption must be written into the LGC and not into any other laws. The Court stated that the Cityhood Laws violate sec. 6, Art.