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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 ...
If you cannot afford a tax professional but need help filing your taxes, visit the IRS free file options or Volunteer Income Tax Assistance (VITA). VITA offers free tax preparation for moderate ...
To strictly enforce the payment of taxes and to further discourage tax evasion, RA No. 233 or the Rewards Law was passed on June 19, 1959 whereby informers were rewarded the 25% equivalent of the revenue collected from the tax evader. In 1964, the Philippines was re-divided anew into 15 regions and 72 inspection districts.
You can get information on your refund 24 hours after the IRS receives your e-filed tax return or four weeks after you mailed a paper return. The tool updates once a day, usually overnight.
A working holiday which will be first observed in 2022. This holiday aims to promote, protect, and safeguard the constitutionally guaranteed right to freedom of expression, speech and of the press in the Philippines and also in honor of Marcelo H. del Pilar, father of Philippine journalism. September 1
Most taxpayers receive their refunds within 21 days of filing. If you choose to have your refund deposited directly into your account, you may have to wait five days before you can gain access to it.
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