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AFAB - Authority of the Freeport Area of Bataan. AFP – Armed Forces of the Philippines. AFPCES – Armed Forces of the Philippines Commissary and Exchange Service. AFPCGSC – Armed Forces of the Philippines Command and General Staff College. AIR RESCOM – Philippine Air Force Reserve Command. AMLC – Anti-Money Laundering Council.
Income tax for individuals. Citizens of the Philippines and resident aliens must pay taxes for all income they have derived from various sources, which include, but are not limited to: compensation income (e.g., salary and wages); income of self-employed individuals and/or professionals; capital gains; interests; rents;
A visiting forces agreement is a version of a status of forces agreement that only applies to troops temporarily in a country. The agreements came into force on May 27, 1999, upon ratification by the Senate of the Philippines. [3] The United States government regards these documents to be executive agreements not requiring approval by the ...
The Armed Forces of the Philippines (AFP) (Filipino: Sandatahang Lakas ng Pilipinas) are the military forces of the Philippines. It consists of three main service branches; the Army, the Air Force, and the Navy (including the Marine Corps). The President of the Philippines is the Commander-in-Chief of the AFP and forms military policy with the ...
Armed Forces and Police Savings & Loan Association, Inc. The Armed Forces and Police Savings & Loan Association, Inc. (AFPSLAI) is a banking corporation in the Philippines associated with the Philippine military and police. As of 2016, it had 69 billion Philippine pesos in assets, [1] which are exempt from taxes in the Philippines. [2]
In 2021, the American Rescue Plan Act (ARP) expanded the Child Tax Credit (CTC) significantly for one year, making it the largest U.S. child tax credit ever and providing most working families with...
The Government Service Insurance System (Filipino: Paseguruhan ng mga Naglilingkod sa Pamahalaan, abbreviated as GSIS) is a Filipino government-owned and controlled corporation (GOCC) in the Philippines aimed at government employees. Created by Commonwealth Act No. 186 and Republic Act No. 8291 (GSIS Act of 1997), GSIS is a social insurance ...
A child tax credit (CTC) is a tax credit for parents with dependent children given by various countries. The credit is often linked to the number of dependent children a taxpayer has and sometimes the taxpayer's income level. For example, with the Child Tax Credit in the United States, only families making less than $400,000 per year may claim ...