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From its original excise tax of ₱30 in 2017, the tax on tobacco increased to ₱32.50 on January 1, 2018, ₱35 on July 1, 2018, will increase to ₱37.50 on January 1, 2019, and ₱40 on January 1, 2020. Afterwards, it will increase annually by 4% from January 1, 2024. [26]
R. A. No. Title / Description Date signed Ref. 11976 Ease of Paying Taxes Act January 5, 2024 [42]11977 An Act establishing in the Municipality of Floridablanca, Province of Pampanga, a Campus of the Pampanga State Agricultural University, to be known as the "Pampanga State Agricultural University-Floridablanca Campus", and appropriating funds therefor
National law: National Internal Revenue Code—enacted as Republic Act No. 8424 or the Tax Reform Act of 1997 [2] and subsequent laws amending it; the law was most recently amended by Republic Act No. 10963 or the Tax Reform for Acceleration and Inclusion Law; [3] and,
June 20, 2024 [62] 63 Revoking the policy of granting career executive service rank to graduates of the National Defense College of the Philippines: July 2, 2024 [63] 64 Updating the salary schedule for civilian government personnel and authorizing the grant of an additional allowance, and for other purposes August 2, 2024 [64] 65
The Philippines will impose a 12% value-added tax (VAT) on digital services offered by tech giants such as Amazon, Netflix, Disney, and Alphabet, in a move that will level the playing field with ...
April 6 – The University of the Philippines College of Law wins the 2024 Philip C. Jessup International Law Moot Court Competition in Washington D.C., making it the third Filipino competitor to win the event in its history. [416] April 13 – Visual artist Elvin Perocho Vitor of Bohol receives the Leonardo da Vinci International Award in ...
The measure was signed into law on Wednesday by President Ferdinand Marcos Jr. ... TAXING SITUATION The Philippines is to impose a 12% value-added tax on overseas digital service providers ...
The Tatak Pinoy (Proudly Filipino) Act, designated as Republic Act No. 11981, is a Philippine law aimed at enhancing collaboration between the government and private sector. Authored by Senator Sonny Angara , the act was developed over nearly five years beginning in the 18th Congress [ 1 ] through extensive consultations, studies, and research ...