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Gloria Macapagal Arroyo on June 12, 2008, signed into law Republic Act 9503 (An Act Enlarging the Organizational Structure of the Court of Tax Appeals, Amending for the Purpose Certain Sections of the Law Creating the Court of Tax Appeals, and for Other Purposes), which added three more members (and one more division) to the court. The new law ...
Constitution: Article VI, Section 28 of the Constitution states that "the rule of taxation shall be uniform and equitable" and that "Congress shall evolve a progressive system of taxation". [1] 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 ...
He studied law at the Ateneo de Manila University Law School where he was a dean's lister. He graduated in 1973 and was admitted to the Bar the following year with a general average of 83.25 percent (the highest grade of 100 percent in Criminal Law, 90 percent in Civil Law and 90 percent in Taxation) in the 1974 Philippine Bar Examination. [1] [3]
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.
The Department of Finance (DOF; Filipino: Kagawaran ng Pananalapi) is the executive department of the Philippine government responsible for the formulation, institutionalization and administration of fiscal policies, management of the financial resources of the government, supervision of the revenue operations of all local government units, the review, approval and management of all public ...
The Philippines enjoyed a record low debt-to-GDP ratio of 39.6% in 2019 with Dominguez as head of the country’s economic team. Through bold tax reforms and better tax administration, he was also able to raise the Philippines’ revenue effort to 16.1% of GDP in 2019, the country’s best performance in more than two decades.
Taxation: Concepts, Principles, Practices, and Trends (co-author) He ran a weekly column in the People's Tonight and "People's Journal", and was a contributor of The Law and You of Bulletin Today , Ikaw at ang Batas of Liwayway Magazine , Cultural Notes of Variety Magazine of the Chino Roces "Manila Times", and Nueva Ecija Harvest of the Manila ...
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