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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 Philippine Economic Zone Authority ( PEZA ), formerly known as the Foreign Trade Zone Authority ( FTZA) and Export Processing Zone Authority ( EPZA ), is a Philippine government agency attached to the Department of Trade and Industry . It was created to help promote investments in the export-oriented manufacturing industry into the country ...
A form of government where the monarch is elected, a modern example being the King of Cambodia, who is chosen by the Royal Council of the Throne; Vatican City is also often considered a modern elective monarchy. Self-proclaimed monarchy: A form of government where the monarch claims a monarch title without a nexus to the previous monarch dynasty.
In the Philippines, a government-owned and controlled corporation ( GOCC ), sometimes with an "and/or", [ 1] is a state-owned enterprise that conducts both commercial and non-commercial activity. Examples of the latter would be the Government Service Insurance System (GSIS), a social security system for government employees.
10,037 (2019) Website. www .landbank .com. Land Bank of the Philippines ( LBP; often referred to simply as LandBank ), is a government-owned bank in the Philippines with a special focus on serving the needs of farmers and fishermen. While it provides the services of a universal bank, it is officially classified as a "specialized government bank ...
The Subic Special Economic and Freeport Zone, often shortened as Subic Bay or Subic, is a special economic zone and freeport area covering portions of the city of Olongapo and the town of Subic in Zambales, and the towns of Hermosa and Morong in Bataan in the Philippines. [ 3][ 4] The relatively developed and fenced area is called the Subic Bay ...
The Bureau of Internal Revenue[ 2] ( Filipino: Kawanihan ng Rentas Internas, or BIR) is a revenue service for the Philippine government, which is responsible for collecting more than half of the total tax revenues of the government. It is an agency of the Department of Finance and it is led by a Commissioner.
A typical micro business is a business that employs nine people or fewer, with assets of ₱3 million and below . In the Philippines, about 90 percent of all businesses are categorized as micro businesses. These consist of enterprises engaged in industry, agribusiness and or services, whether single proprietorship, cooperative, partnership or ...