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Taxation. The policy of taxation in the Philippines is governed chiefly by the Constitution of the Philippines and three Republic Acts . Constitution: Article VI, Section 28 of the Constitution states that "the rule of taxation shall be uniform and equitable" and that " Congress shall evolve a progressive system of taxation ". [1]
As a result of the 1986 tax reform program, average tax effort rose to 13.1 percent during the Aquino administration (1986–1992) and to 16.2 percent during the Ramos administration (1993–1998). Revenue effort rose steadily until the next round of tax reforms. Tax effort increased from 10.7% in 1985 to 15.4% in 1992, then peaked at 17.0% in ...
In the Philippines, local government is divided into three levels: provinces and independent cities, component cities and municipalities, and barangays, all of which are collectively known as local government units ( LGUs ). In some areas, above provinces and independent chartered cities are autonomous regions, such as the Bangsamoro Autonomous ...
A city (Filipino: lungsod / siyudad / lunsod) is one of the units of local government in the Philippines.All Philippine cities are chartered cities (Filipino: nakakartang lungsod), whose existence as corporate and administrative entities is governed by their own specific municipal charters in addition to the Local Government Code of 1991, which specifies their administrative structure and powers.
The Department of Budget and Management ( DBM; Filipino: Kagawaran ng Badyet at Pamamahala) [1] is an executive body under the Office of the President of the Philippines. It is responsible for the sound and efficient use of government resources for national development and also as an instrument for the meeting of national socio-economic and ...
The Land Registration Authority ( LRA; Filipino: Pangasiwaan sa Patalaan ng Lupain) is an agency of the Philippine government attached to the Department of Justice responsible for issuing decrees of registration and certificates of title and register documents, patents and other land transaction for the benefit of landowners, agrarian reform ...
The Court of Tax Appeals was originally created by virtue of Republic Act No. 1125 Archived June 21, 2019, at the Wayback Machine which was enacted on June 16, 1954, composed of three (3) Judges with Mariano B. Nable as the first Presiding Judge. With the passage of Republic Act Number 9282 (R.A. 9282) Archived June 21, 2019, at the Wayback ...
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). It abolished this practice in a new revenue code in 1997, effective 1998. Vietnam used to tax its citizens in the same manner as residents, on worldwide income. The country passed a ...