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The taxes imposed by the Code include a graduated income tax on all income earned by natural and juridical persons within the Philippines, a capital gains tax, excise tax on certain products, a Donor's Tax, an estate tax, and a value-added tax on the sale of most goods and services in the Philippines.
obrt: ≈ sole proprietorship; several types: slobodni obrt (free proprietorship), vezani obrt (tied proprietorship), and povlašteni obrt (privileged proprietorship) registered according to profession where tied and privileged types are reserved only for master craftsmen): paušalni obrt (flat-rate proprietorship), obrt-dohodaš (income tax ...
Based on the Rules of the Senate, the Senate Committee on Ethics and Privileges has 7 members. The President Pro Tempore, the Majority Floor Leader, and the Minority Floor Leader are ex officio members. Here are the members of the committee in the 18th Congress as of September 24, 2020: [5]
Micro businesses in the Philippines can be defined according to the size of assets, size of equity capital, and number of employees. A typical micro business is a business that employs nine people or fewer, with assets of ₱3 million and below. In the Philippines, about 90 percent of all businesses are categorized as micro businesses.
As prescribed by House Rules, the committee's jurisdiction is on the duties, conduct, rights, privileges and immunities, dignity, integrity and reputation of the House of Representatives of the Philippines and its members. [1]
The Professional Regulation Commission (PRC; Filipino: Komisyon sa Regulasyong Pampropesyonal [2]) is a three-man commission attached to Department of Labor and Employment (DOLE). Its mandate is to regulate and supervise the practice of the professionals (except lawyers, who are handled by the Supreme Court of the Philippines ) who constitute ...
Lilian Hefti, was head of the BIR who assumed office in September 2007, but resigned in October 2008, for health reasons. [5] [6] On October 20, 2008, she was replaced by Sixto Esquivias, who served as deputy commissioner. [7] The Bureau currently has more than 75 BIR Forms [8] and tax classification for different professionals and businesses.
A permitted exception to the sole proprietor (single owner) stipulation is made by the Internal Revenue Service (IRS) permitting the spouse of a sole proprietor to work for the business. They are not classified as partners in the enterprise, or an independent contractor , enabling the business to retain its sole proprietorship status and not be ...