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Tax Reform for Acceleration and Inclusion Law. 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] The TRAIN Act is the first of four ...
Interest income from a depository bank under the expanded foreign currency deposit system is taxed at the rate of 15%. [3] Income from long-term deposits and investments, when pre-terminated in less than three years after making such deposit or investment, is taxed at the rate of 20%; less than four years, 12%; and, less than five years, 5%.
Sale of low-cost house and lot not exceeding ₱2.5 million; Sales of persons and establishments earning not more than ₱1.5 million annually. Tariffs and duties. Second to the BIR in terms of revenue collection, the Bureau of Customs (BOC) imposes tariffs and duties on all items imported into the Philippines. According to Executive Order 206 ...
e. Party-list representation in the House of Representatives of the Philippines refers to a system in which 20% of the House of Representatives is elected. While the House is predominantly elected by a plurality voting system, known as a first-past-the-post system, party-list representatives are elected by a type of party-list proportional ...
It leads the Philippines water sanitation and health (WASH) coalition of non-profit organizations and local governments. It was created in 1990 under the name of International Training Network (ITN) and adopted its current name in 1998. Philippine Society of Sanitary Engineers, Inc. Financing and external cooperation
With less than two weeks until the first presidential debate of the 2024 election cycle, CNN has released additional details on the parameters agreed upon by the Trump and Biden campaigns.
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