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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 ...
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]
The Bureau of Internal Revenue[ 2 ] ( Filipino: Kawanihan ng Rentas Internas, or BIR) is a revenue service for the Philippine government, which is responsible for collecting more than half of the total tax revenues of the government. It is an agency of the Department of Finance and it is led by a Commissioner.
The National Service Reserve Corps, also referred to by the acronym NSRC (Filipino: Panlaáng Hukbo ng Pambansang Paglilingkod), is a unit composed of graduates of the Civic Welfare Training Service (CWTS) and Literacy Training Service (LTS) components of the National Service Training Program, a civic education and defense preparedness program in the Philippines.
Income tax in the Philippines is a progressive tax, as people with higher incomes pay more than people with lower incomes. Personal income tax rates vary as such: [ 7] Annual Taxable Income. Income Tax Rate. Less than ₱10,000. 5%. Over ₱10,000 but not over ₱30,000. ₱500 + 10% of the excess over ₱10,000. Over ₱30,000 but not over ...
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.
The National Registration Identity Card ( NRIC ), colloquially known as " IC " ( Malay: Kad Pengenalan Pendaftaran Negara; Chinese: 身份证; pinyin: Shēnfèn Zhèng; Tamil: அடையாள அட்டை, romanized: Aṭaiyāḷa Aṭṭai ), is a compulsory identity document issued to citizens and permanent residents of Singapore. [ 1]
The National Labor Relations Commission ( Filipino: Pambansang Komisyon sa Ugnayang Paggawa, abbreviated NLRC) is a quasi-judicial agency tasked to promote and maintain industrial peace based on social justice by resolving labor and management disputes involving local and overseas workers through compulsory arbitration and alternative modes of ...