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The Bank's authority was also expanded to include regulation of the nation's entire financial system just supervision of the banking system. In 1981, RA 265, as amended, was further improved to strengthen the financial system, [ 10 ] among the changes was the increase in the capitalization of the Central Bank from ₱ 10 million to ₱10 billion.
A comparative graph of Revenue and Tax Effort from 2001 to 2010 [3] A comparative graph of Tax and Non-Tax Revenue contribution from 2001 to 2010 [4]. The Philippine government generates revenues mainly through personal and income tax collection, but a small portion of non-tax revenue is also collected through fees and licenses, privatization proceeds and income from other government ...
The move to steel shot reduced the use of 16 and 20 gauges for waterfowl hunting, and the shorter, 2 + 3 ⁄ 4-inch (70 mm), 12-gauge shells as well. However, the 3 + 1 ⁄ 2-inch (89 mm) 12-gauge shell, with its higher SAAMI pressure rating of 14,000 psi (97 MPa) compared to standard 2 + 3 ⁄ 4-inch (70 mm) and 3-inch (76 mm) 12-gauge shells ...
The Department of Finance (DOF; Filipino: Kagawaran ng Pananalapi) is the executive department of the Philippine government responsible for the formulation, institutionalization and administration of fiscal policies, management of the financial resources of the government, supervision of the revenue operations of all local government units, the review, approval and management of all public ...
Military use of combat shotguns through the 20th century has created a need for ammunition maximizing the combat effectiveness of such weapons within the limitations of international law. 12-gauge has been widely accepted as an appropriate bore diameter to provide an effective number of projectiles within an acceptable recoil. Early 12-gauge ...
The Philippines’ inflation target is measured through the Consumer Price Index (CPI). For 2009, inflation target has been set to be 3.5 percent, having a 1% tolerance level, and 4.5 percent for 2010, also having 1% tolerance. Also, the Monetary Board of the Philippines announced a target of around 4±1 percent from 2012 to 2014. [14]
This was undertaken through the implementation of change initiatives that were directed to: 1) reform the tax system to make it simpler and suit the Philippine culture; 2) reengineer the tax processes to make them simpler, more efficient and transparent; 3) restructure the BIR to give it financial and administrative flexibility; and 4) redesign ...
The Credit Information Corporation (CIC) is a government-owned and controlled corporation providing credit information system in the Philippines.It was created in 2008 by the Credit Information System Act (CISA) to construct a centralized, comprehensive credit information system for the collection and dissemination of accurate and fair information relevant to, or arising from, credit and ...