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The LTO also requires sales reports that inform the LTO that the reported stock is already sold to the end-user. Sales reports include regular sales transactions and stock transfers. [ 13 ] It also reports the issuance of a single CSR, of Motor Vehicles (MVs) formed out of combining components (new, used, or previously registered) MV/MC that ...
In jurisdictions which use a point system, the police or licensing authorities maintain a record of the demerit points accumulated by each driver. Traffic offenses, such as speeding or disobeying traffic signals, are each assigned a certain number of points, and when a driver is determined to be guilty of a particular offence, the corresponding number of points are added to the driver's total.
In 2016, the LTO issued "virtual plates" as a temporary measure to address the backlog in physical license plates. New vehicles were issued a virtual identification consisting of a combination of alphanumeric symbols, which will make it easier for the LTO to release the permanent license plates once they were available. [ 1 ]
Under traffic violations reciprocity agreements, non-resident drivers are treated like residents when they are stopped for a traffic offense that occurs in another jurisdiction. They also ensure that punishments such as penalty points on one's license and the ensuing increase in insurance premiums follow the driver home.
A long-term incentive plan or LTIP is a type of executive compensation that typically comes in the form of performance shares or matching shares of the company. In the United States, these plans were used heavily since Internal Revenue Code Section 162(m) passed, which permitted deductions for certain performance-based compensation without limitation.
An Instalment Agreement is a United States Internal Revenue Service (IRS) program that allows individuals to pay tax debt in monthly payments. There IRS has several different kinds of Instalment Agreements; Guaranteed, Streamline, Partial and Full Pay. There are a number of requirements that have to be met before an instalment agreement can be ...
Some statutes allow for an award of treble damages only if there is a showing that the violation was willful. For example, "up to three times the amount found or assessed" may be awarded by a court in the United States for willful patent infringement . [ 4 ]
The Ministry of Transportation and Communications (MOTC), is the regional executive department of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) responsible for affairs related to communications and transportation in the region.
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