Search results
Results From The WOW.Com Content Network
Disposable household and per capita income. Household income is a measure of income received by the household sector. It includes every form of cash income, e.g., salaries and wages, retirement income, investment income and cash transfers from government. It may include near-cash government transfers like food stamps, and it may be adjusted to ...
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] National law: National ...
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 ...
Discretionary income is disposable income (after-tax income), minus all payments that are necessary to meet current bills. It is total personal income after subtracting taxes and minimal survival expenses (such as food, medicine, rent or mortgage, utilities, insurance, transportation, property maintenance, child support, etc.) to maintain a certain standard of living. [7]
Lucas Bersamin (April 12, 2011, case) League of Cities of the Philippines v. COMELEC is a landmark decision of the Supreme Court of the Philippines about the validity of the cityhood laws of 16 municipalities in the Philippines. The case clarifies the requirements for the conversion of a municipality into a component city.
wherefore, when resolving disputes involving ICCs/IPs the primacy of customary laws shall be upheld, the regular courts shall consider the Tribal Courts decision making to create a harmonious decision making in the Philippine judicial system, "no case shall be brought directly to the NCIP and any inferior court of the philippines, the primacy ...
The Internal Revenue Allotment (IRA) is a local government unit ’s (LGU) share of revenues from the Philippine national government. Provinces, independent cities, component cities, municipalities, and barangays each get a separate allotment. The allotment is largely based upon the type of government they are and a formula based upon their ...
List of regions of the Philippines by GDP. This is a list of regions and highly urbanized cities of the Philippines by GDP and GDP per capita according to the data by the Philippine Statistics Authority. [1][2] Data for 2023 estimates (international US$ using 2023 PPP conversion factor from the International Monetary Fund). [3]