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Incentives, tax holidays, PEZA accreditation were given to the firms providing ICT services. With the Philippines being the 39th largest economy in the world, the country continues to be a promising prospect for the BPO Industry. In August 2014, the Philippines hit an all-time high for employment in the BPO industry.
The Order defines "information" to include any records, documents, papers, reports, letters, contracts, minutes and transcripts of official meetings, maps, books, photographs, data, research materials, films, sound and video recording, magnetic or other tapes, electronic data, computer stored data, any other like or similar data or materials recorded, stored or archived in whatever format ...
Freedom of information laws allow access by the general public to data held by national governments and, where applicable, by state and local governments. The emergence of freedom of information legislation was a response to increasing dissatisfaction with the secrecy surrounding government policy development and decision making. [1]
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 share of the Philippine labor force employed in agriculture declined from over 40% in 1991 to less than 25% in 2019. [6] During the same period, employment in the service sector became the largest contributor to the workforce, accounting for over 60% by 2022. [ 6 ]
President Duterte signing Republic Act No. 11641 or the Act Creating the Department of Migrant Workers (DMW) on December 30, 2021. On July 12, 2019, during the Araw ng Pasasalamat for OFWs (Thanksgiving day for the Overseas Filipino Workers), President Duterte in a speech promised to finish the framework for the creation of a department that caters to the need of OFWs.
Tax information exchange agreements (TIEA) provide for the exchange of information on request relating to a specific criminal or civil tax investigation or civil tax matters under investigation. [1] A model TIEA was developed by the OECD Global Forum Working Group on Effective Exchange of Information.
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.