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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 ...
The Universal Access to Quality Tertiary Education Act, officially designated as Republic Act 10931, is a Philippine law that institutionalizes free tuition and exemption from other fees in state universities and colleges (SUCs), and local universities and colleges (LUCs) in the Philippines. The law also foresees subsidies for private higher ...
One of the most significant reform measures was the implementation of the Economic Recovery Assistance Payment (ERAP) Program, which granted immunity from audit and investigation to taxpayers who have paid 20% more than the tax paid in 1997 for income tax, VAT and/or percentage taxes.
If you pay someone else's tuition and fees as a gift, you should be aware that the educational expense gift tax exclusion limit per year to any single individual — in this case, your child ...
6.9% (for minimum wage full-time work in 2024: includes 20% flat income tax, of which first 7848€ per year is tax exempt for low-income earners + 2% mandatory pension contribution + 1.6% unemployment insurance paid by employee); excluding social security taxes paid by the employer
Barangay Bel-Air is an affluent enclave and the richest barangay in the Philippines [17] located in the heart of Makati Central Business District, established in the early 1950s. It has a total land area of 1.7121 square kilometers (0.6610 sq mi), the third largest among the posh villages in Makati City.
GDP (Nominal) figures based on 2018 Philippine Constant Prices as published by the Philippine Statistics Office on their various public releases in 2023. GDP in PPP using 2018 Constant Prices not publicized.
Poverty incidence of Makati 0.5 1 1.5 2 2.5 3 2006 2.90 2009 1.37 2012 0.46 2015 1.86 2018 0.28 2021 0.80 Source: Philippine Statistics Authority Makati is the second top revenue earner in the National Capital Region, following Quezon City at first place. The city has not increased its tax rates since its new Revenue Code took effect in 2006, and has been free of deficit for about three ...