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An Act granting Philippine Citizenship to Kyle Douglas Jennermann: August 4, 2023 [21] 11956 [b] An Act further amending Republic Act No. 11213, otherwise known as the "Tax Amnesty Act", as amended by Republic Act No. 11569, by extending the period of availment of the Estate Tax Amnesty until June 24, 2025, and for other purposes August 5, 2023 ...
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 ...
An act amending Republic Act No. 7653, otherwise known as “The New Central Bank Act”, and for other purposes February 14, 2019 [42] 11213 Tax Amnesty Act February 14, 2019 [43] 11214 Philippine Sports Training Center Act February 14, 2019 [44] 11215 National Integrated Cancer Control Act February 14, 2019 [45] 11210 105-Day Expanded ...
The Tax Reform for Acceleration and Inclusion Law (TRAIN Law), [1] officially designated as Republic Act No. 10963, is the initial package of the Comprehensive Tax Reform Program (CTRP) signed into law by President Rodrigo Duterte on December 19, 2017. [2]
In the Philippines, a new law concerning the taxation of digital goods and services was enacted. On October 2, 2024, President Ferdinand Marcos Jr. signed the VAT on Digital Services Act (Republic Act No. 12023), which imposes a 12% Value Added Tax (VAT) on digital services provided by non-resident digital service providers (DSPs) to Filipino ...
Percentage tax is a business tax imposed on persons or entities/transactions: who sell or lease goods, properties or services in the course of trade or business and are exempt from value-added tax (VAT) under Section 109 (w) of the National Internal Revenue Code, as amended, whose gross annual sales and/or receipts do not exceed Php 3,000,000 ...
The Expanded Value Added Tax (E-VAT), is a form of sales tax that is imposed on the sale of goods and services and on the import of goods into the Philippines. It is a consumption tax (those who consume more are taxed more) and an indirect tax, which can be passed on to the buyer. The current E-VAT rate is 12% of transactions.
The 2nd National Assembly of the Philippines passed Commonwealth Act No. 638, "An Act to provide for the uniform publication and distribution of the Official Gazette" on May 22, 1941, which was approved by President Manuel L. Quezon on June 10, 1941. [4] The Spanish edition was last published in 1941.