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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. List of countries by tax rates - Wikipedia

    en.wikipedia.org/wiki/List_of_countries_by_tax_rates

    6.9% (for minimum wage full-time work in 2024: includes 20% flat income tax, of which first 7848€ per year is tax exempt for low-income earners + 2% mandatory pension contribution + 1.6% unemployment insurance paid by employee); excluding social security taxes paid by the employer

  4. List of sovereign states by tax revenue to GDP ratio

    en.wikipedia.org/wiki/List_of_sovereign_states...

    The tax percentage for each country listed in the source has been added to the chart. According to World Bank , "GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products.

  5. Philippines to Impose 12% Tax on Foreign Streamers - AOL

    www.aol.com/philippines-impose-12-tax-foreign...

    TAXING SITUATION The Philippines is to impose a 12% value-added tax on overseas digital service providers operating in the country, including Netflix, HBO and Disney. The measure was signed into ...

  6. Bureau of Internal Revenue - Wikipedia

    en.wikipedia.org/wiki/Bureau_of_Internal_Revenue

    Three (3) new departments were created, namely: 1) Legal, 2) Assessment and 3) Collection. On the latter part of January of the same year, Memorandum Order No. V-188 created the Withholding Tax Unit, which was placed under the Income Tax Division of the Assessment Department.

  7. What Are the 2020-2021 Federal Tax Brackets and Tax Rates? - AOL

    www.aol.com/finance/2020-2021-federal-tax...

    The following is a breakdown of the IRS’ 2020 and 2021 tax brackets and rates, as well as a glance at some other important changes. ... The 2021 maximum Earned Income Credit will be $6,728 ...

  8. Tax Reform for Acceleration and Inclusion Law - Wikipedia

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

    Flat tax of 8% on gross sales or gross revenues in lieu of percentage tax and personal income tax. [25] "TRAIN aims to clean up the VAT system to make it fairer and simpler and lower the cost of compliance for both the taxpayers and tax administrators". [25] As such, VAT exemptions are now only limited to health, education and raw agriculture food.

  9. When Are Taxes Due for 2021? Tax Year Dates You Need To ... - AOL

    www.aol.com/taxes-due-2021-tax-dates-172500283.html

    For most taxpayers, the main income tax return deadline for 2020 tax returns is May 17, 2021 — aka IRS Tax Day 2021. The deadline has been pushed from April 15 this year, but this does not ...