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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 Philippines will impose a 12% value-added tax (VAT) on digital services offered by tech giants such as Amazon, Netflix, Disney, and Alphabet, in a move that will level the playing field with ...
The value-added tax (VAT) rate since 2006 is 12%. [2] [5] The new VAT threshold was changed from Php 1,919,500 to Php 3,000,000 [6] [7] as a result of the passage of the Tax Reform for Inclusion and Acceleration (TRAIN) Law.
To strictly enforce the payment of taxes and to further discourage tax evasion, RA No. 233 or the Rewards Law was passed on June 19, 1959 whereby informers were rewarded the 25% equivalent of the revenue collected from the tax evader. In 1964, the Philippines was re-divided anew into 15 regions and 72 inspection districts.
An Act abolishing the Road Board and providing for the disposition of the motor vehicle user's charges, collections, Amending for the purpose Republic Act No. 8794, entitled “An act imposing a motor vehicle user's charge on owners of all types motor vehicles and for other purposes” March 8, 2019 [56] 11241 Philippine Occupational Therapy Law
The Board is composed of a Chairman, who must preferably a former justice of the Supreme Court or of the Court of Appeals, and four other regular members, each representing the Integrated Bar of the Philippines, Philippine Association of Law Schools, the ranks of active law practitioners and the law students' sector.
The Tatak Pinoy (Proudly Filipino) Act, designated as Republic Act No. 11981, is a Philippine law aimed at enhancing collaboration between the government and private sector. Authored by Senator Sonny Angara , the act was developed over nearly five years beginning in the 18th Congress [ 1 ] through extensive consultations, studies, and research ...
The Philippines introduced The Tax Amnesty Act of 2019 or the Republic Act No. 11213 [37] which was signed into Law on February 14, 2019, with a Veto Message of President Rodrigo R. Duterte. The said Law was published on the Official Gazette on February 18, 2019, and took effect on March 5, 2019, that is, on the 15th day after the official ...