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  2. Taxation in the Philippines - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_the_Philippines

    However, if their gross sales (or gross receipts plus other non-operating income) does not exceed the VAT threshold, they have the option to be taxed either on the basis of the income tax schedule for individuals and the applicable percentage taxes, or just with a flat tax rate of 8% on their gross sales (or gross receipts plus other non ...

  3. Are Home Improvements Tax Deductible? - AOL

    www.aol.com/home-improvements-tax-deductible...

    You can possibly get a tax deduction for that – but not the year that you renovated it unless it also happens to be the year you sell your property. With some capital improvements, homeowners ...

  4. A Guide to Property Taxes on Your Home - AOL

    www.aol.com/property-taxes-used-calculate-them...

    Property taxes are deductible provided you itemize your deductions on your federal tax return. Taxpayers can deduct up to $10,000 per year in state and local taxes, which includes property taxes ...

  5. Tax Reform for Acceleration and Inclusion Law - Wikipedia

    en.wikipedia.org/wiki/Tax_Reform_for...

    The estate tax is now reduced to 6% based on the net value of the property. It also has a standard deduction of ₱5 million as well as a ₱10 million exemption on the family home. The donor tax is also reduced to 6% of the net donations for gifts above ₱250,000 yearly. [27]

  6. Are Home Improvements Tax Deductible? - AOL

    www.aol.com/finance/home-improvements-tax...

    Improvements you make to a rental property — work that adds to your home’s value, prolongs its useful life or adapts it to new uses — are deductible, but you’ll likely have to depreciate ...

  7. List of countries by tax rates - Wikipedia

    en.wikipedia.org/wiki/List_of_countries_by_tax_rates

    The tax rates displayed are marginal and do not account for deductions, exemptions or rebates. The effective rate is usually lower than the marginal rate. The tax rates given for federations (such as the United States and Canada) are averages and vary depending on the state or province. Territories that have different rates to their respective ...

  8. What You Need to Know About Home Improvements and Taxes - AOL

    www.aol.com/finance/2016-02-26-what-you-need-to...

    Getty By Kelly Phillips Erb When we bought our first house, it was perfect. Well, except for the 40-year-old heater. And the green kitchen with beige appliances circa the 1970s. And the creepy ...

  9. Property tax - Wikipedia

    en.wikipedia.org/wiki/Property_tax

    Property taxes are levied by either state government or local civic bodies. Property tax or 'house tax' is a local tax on buildings, along with appurtenant land. It is imposed on the Possessor (not the custodian of property as per 1978, 44th amendment of the constitution). It resembles the US-type wealth tax and differs from the excise-type UK ...