Search results
Results From The WOW.Com Content Network
Interest income from a depository bank under the expanded foreign currency deposit system is taxed at the rate of 15%. [3] Income from long-term deposits and investments, when pre-terminated in less than three years after making such deposit or investment, is taxed at the rate of 20%; less than four years, 12%; and, less than five years, 5%. [2]
0% (free zone companies, [234] as well as mainland companies with less than 375,000 AED a year in profit, [235] may need to fill out a tax return) 9% (for mainland companies with a net profit over AED 375,000 annually, taxation paid to other countries credited towards UAE taxation, tax return required) [ 235 ]
The list includes general SEZs and the more specific free trade zones and free ports, managed either by the Philippine Economic Zone Authority or held privately. As of April 30, 2016, there were 345 operating economic zones throughout the Philippines.
Free economic zones (FEZ), free economic territories (FETs) or free zones (FZ) are a class of special economic zone (SEZ) designated by the trade and commerce administrations of various countries. The term is used to designate areas in which companies are taxed very lightly or not at all to encourage economic activity .
This resulted in a combined tax of 17.7% for goods purchased before the 7% GST was reduced to 6% and then 5% in 2006 and 2008 respectively. As of 2012, consumers in PEI paid a combined 15.5% tax rate (5% GST and 10% PST applied to the subtotal).
Though set to expire at the end of 2015, the ITC for residential solar installations was renewed in December 2015. The credit will continue at 30% through 2018, and will slowly decline to 10% in 2022. The ITC for other technologies (including geothermal) was extended by one year. [31]
It was established under Republic Act No. 8293 also known as Intellectual Property Code of the Philippines, which took effect on January 1, 1998, during the administration President Fidel V. Ramos. [ 1 ] [ 2 ]
Priority Sector Lending Certificates "would be priced by the market. The basic framework for pricing Priority Sector Lending Certificates [social credits] would incorporate the risk-free rate, default rate and cost of operations." [1] As Priority Sector Lending Certificates are priced based on credit risk hence it is a type of credit derivative.