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The value-added tax (VAT) rate since 2006 is 12%. The new VAT threshold was changed from Php 1,919,500 to Php 3,000,000 as a result of the passage of the Tax Reform for Inclusion and Acceleration (TRAIN) Law. Exempt transactions. The following goods, services and transactions are exempted from the VAT:
A community tax certificate ( Filipino: sertípiko ng buwís pampámayanan) or sédula (from Spanish cédula ), sometimes confused as residence certificate, is a legal identity document in the Philippines. Issued by cities and municipalities to all persons that have reached the age of majority and upon payment of a community tax, it is ...
In the 1970s and 1980s, radio licences cost Rs 15 per year and television licences cost Rs 50. The wireless licence inspector from the post office was authorized to check every house and shop for a Wireless License Book, and to issue penalties or seize the receiving equipment for non-payment. In 1984, the licensing system was withdrawn.
19% (9% for small taxpayer, those with revenue in a given tax year not exceeding the equivalent of €1.2 million and that have "small taxpayer" status) 9% (for income under 30.000 złotych per year) •0% income tax •9% Health Insurance(non-deductible) 41% or 45% •32% Income tax •9% health insurance
Status: In force. The Universal Access to Quality Tertiary Education Act, officially designated as Republic Act 10931, is a Philippine law that institutionalizes free tuition and exemption from other fees in state universities and colleges (SUCs), and local universities and colleges (LUCs) in the Philippines. The law also foresees subsidies for ...
The thing is: It doesn’t really matter that virtually no one is paying anything close to $18 for a Big Mac combo. (On average, it actually costs $9.29, per a fact sheet McDonald’s put out ...
Conscription in the Philippines has been implemented at several points in the country's history. As of 2022, no mandatory conscription is in effect in the Philippines and military service is entirely voluntary as stated in the 1987 constitution. [1] [2] However, there have been calls for mandatory conscription by Vice President Sara Duterte, [3 ...
A 15-year exemption was always allowed for any construction project, with a 25-year exemption being permitted if affordable housing units were built in the apartment building. Expiration, debate, and renewal. In June 2015, the state government agreed to renew the 421-a tax exemption program, extending it for another four years.