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However, if their gross sales (or gross receipts plus other non-operating income) does not exceed the VAT threshold, they have the option to be taxed either on the basis of the income tax schedule for individuals and the applicable percentage taxes, or just with a flat tax rate of 8% on their gross sales (or gross receipts plus other non ...
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.
An income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them (commonly called taxable income). Income tax generally is computed as the product of a tax rate times the taxable income.
A bong (also known as a water pipe) is a filtration device generally used for smoking cannabis, tobacco, or other herbal substances. [1] In the bong shown in the photo, the smoke flows from the lower port on the left to the upper port on the right. In construction and function, a bong is similar to a hookah, except smaller and especially more ...
Bongbong Marcos assumed office as the President of the Republic of the Philippines on June 30, 2022, and his term is expected to end on June 30, 2028. As the President, he has the authority to appoint members of his Cabinet, subject to the approval of the Commission on Appointments.
The Priority Development Assistance Fund scam, also called the PDAF scam or the pork barrel scam, is a political scandal involving the alleged misuse by several members of the Congress of the Philippines of their Priority Development Assistance Fund (PDAF, popularly called "pork barrel"), a lump-sum discretionary fund granted to each member of Congress for spending on priority development ...
The National Grid Corporation of the Philippines (NGCP) is a privately owned corporation that was established on January 15, 2009, through RA 9511.It is a consortium of three corporations, namely Monte Oro Grid Resources Corporation, Calaca High Power Corporation, and the State Grid Corporation of China.
Bir Tawil, a small area along the border between Egypt and Sudan which is claimed by neither country; Bir Tibetan Colony, Tibetan refugee settlement in the town of Bir in Himachal Pradesh, India; Bir Tungal, Hill area in Himachal Pradesh, India; Beed, Maharashtra, India, also known as Bir; Birecik, town on the Euphrates in Turkey, also known as Bir