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  2. Revised Penal Code - Wikipedia

    en.wikipedia.org/wiki/Revised_Penal_Code

    Republic Act 10951, signed by president Rodrigo Duterte in 2017, updated the fines and penalties to the law. Previously, the law mandated fines ranging from five to 100,000 pesos; the new law updated the fines, ranging from 1,000 pesos for other coercions and unjust vexations, up to 4 million for treason.

  3. Philippine legal codes - Wikipedia

    en.wikipedia.org/wiki/Philippine_legal_codes

    The National Internal Revenue Code is the law establishing the system of national taxation in the Philippines. The most recent extensive revision of the Code occurred in 1997, although the Code was amended in 2005 to expand the coverage and rates of value-added tax.

  4. List of Philippine legal terms - Wikipedia

    en.wikipedia.org/wiki/List_of_Philippine_legal_terms

    See Revised Penal Code § Penalties. arresto menor: minor detention Spanish See Revised Penal Code § Penalties. B.P. [2] nationwide law Tagalog Abbreviation for Batas Pambansa, the name for laws passed by the defunct unicameral Batasang Pambansa. C.A. N/A: English Abbreviation for either Commonwealth Act and Court of Appeals, depending on context.

  5. Tax Reform for Acceleration and Inclusion Law - Wikipedia

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

    The second column illustrates the tax rate on vehicles based on their specific price range. The third column portrays the actual average effective tax rate. Because the TRAIN law increases the PIT of 99% of the population, their increase in net income will still be more than enough to compensate for the effects of the excise tax on automobiles.

  6. International taxation - Wikipedia

    en.wikipedia.org/wiki/International_taxation

    A new income tax law, passed in 1997 and effective 1998, determined residence as the basis for taxation of worldwide income. [169] The Philippines used to tax the foreign income of nonresident citizens at reduced rates of 1 to 3% (income tax rates for residents were 1 to 35% at the time). [170]

  7. 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 ...

  8. Bureau of Internal Revenue - Wikipedia

    en.wikipedia.org/wiki/Bureau_of_Internal_Revenue

    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.

  9. Taxation in the Philippines - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_the_Philippines

    The value-added tax (VAT) rate since 2006 is 12%. [ 2 ] [ 5 ] The new VAT threshold was changed from Php 1,919,500 to Php 3,000,000 [ 6 ] [ 7 ] as a result of the passage of the Tax Reform for Inclusion and Acceleration (TRAIN) Law.