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  2. Taxation in the Philippines - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_the_Philippines

    Percentage tax is a business tax imposed on persons or entities/transactions: who sell or lease goods, properties or services in the course of trade or business and are exempt from value-added tax (VAT) under Section 109 (w) of the National Internal Revenue Code, as amended, whose gross annual sales and/or receipts do not exceed Php 3,000,000 ...

  3. Bureau of Internal Revenue - Wikipedia

    en.wikipedia.org/wiki/Bureau_of_Internal_Revenue

    To strictly enforce the payment of taxes and to further discourage tax evasion, RA No. 233 or the Rewards Law was passed on June 19, 1959 whereby informers were rewarded the 25% equivalent of the revenue collected from the tax evader. In 1964, the Philippines was re-divided anew into 15 regions and 72 inspection districts.

  4. Economic history of the Philippines - Wikipedia

    en.wikipedia.org/wiki/Economic_history_of_the...

    The economy saw continuous real GDP growth of at least 5% since 2012. The Philippine Stock Exchange index ended 2012 with 5,812.73 points a 32.95% growth from the 4,371.96-finish in 2011. [91] The Philippines achieved an investment grade rating for the first time in the first quarter of 2013.

  5. Tax withholding - Wikipedia

    en.wikipedia.org/wiki/Tax_withholding

    India enforces withholding tax also on payments between companies and not just from companies to individuals, under the Tax Deducted at Source (TDS) system. (Since April 2016, the United Kingdom has discontinued withholding tax on interest and dividends, though in some cases this income will become liable for taxation through other means). [8]

  6. Pay-as-you-earn tax - Wikipedia

    en.wikipedia.org/wiki/Pay-as-you-earn_tax

    Withholding of income, Social Security and Medicare taxes is required in the United States. The plan was developed by Beardsley Ruml, Bernard Baruch, and Milton Friedman in 1942. The government forgave taxes due March 15, 1942, for tax year 1941, and started withholding from paychecks. Income tax withholding applies to federal and state income ...

  7. Form W-2 - Wikipedia

    en.wikipedia.org/wiki/Form_W-2

    Form W-2 (officially, the "Wage and Tax Statement") is an Internal Revenue Service (IRS) tax form used in the United States to report wages paid to employees and the taxes withheld from them. [1] Employers must complete a Form W-2 for each employee to whom they pay a salary, wage, or other compensation as part of the employment relationship.

  8. Fiscal policy of the Philippines - Wikipedia

    en.wikipedia.org/wiki/Fiscal_policy_of_the...

    A comparative graph of Revenue and Tax Effort from 2001 to 2010 [3] A comparative graph of Tax and Non-Tax Revenue contribution from 2001 to 2010 [4]. The Philippine government generates revenues mainly through personal and income tax collection, but a small portion of non-tax revenue is also collected through fees and licenses, privatization proceeds and income from other government ...

  9. Timeline of Philippine history - Wikipedia

    en.wikipedia.org/wiki/Timeline_of_Philippine_history

    Negritos start to settle. [2] [clarification needed] [3] 35,000 At the old Kapampangan region was 10 times larger than the present borders, years ago, a series of eruptions from Mount Pinatubo dumped lava, ashes, tephra and lahar into the sea, forming the present landmass of the region. 20,000 Tabon Man made stone tools in the Tabon Cave. 8,000