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Travel and subsistence expenses describe the cost of spending on business travel, meals, hotels, sundry items such as laundry (though usually only on long trips) and similar ad hoc expenditures. [1] These reimbursements often have tax and related implications, and vary depending on the country of the business.
Royal Air Charter Service, Inc., operating as Royal Air Philippines, is a Philippine-registered low-cost airline. The company was established on August 22, 2002, as a chartered airline. It began operations as a budget airline on December 14, 2018, with an inaugural flight from its hub in Clark, Pampanga to Caticlan in Aklan.
Build! Build! infrastructure program of the government, [7] with ₱3.6 trillion worth of public infrastructure projects being rolled out from 2018 to 2022. In March 2024, DOTr and San Miguel Corporation officially inked the P170.6-billion Public-Private Partnership (PPP) deal aimed at reviving Ninoy Aquino International Airport (NAIA).
As prescribed by House Rules, the committee's jurisdiction is on the expenditures of the national government which includes the following: [1] Creation or abolition and classification of positions in government; Determination of salaries, allowances and benefits of government personnel; Payment of public indebtedness
In October 1934, Act No. 4033 was passed to require a franchise from the Philippine government in order to operate an air service and to regulate foreign aircraft operations. [7] On November 12, 1936, the Congress of the Philippines passed Commonwealth Act No. 168, or the Civil Aviation Law of the Philippines, which created the Bureau of ...
The Civil Aeronautics Board (CAB; Filipino: Lupon sa Aeronautika Sibil [2]) is a government agency of the Philippines attached to the Department of Transportation tasked to regulate, promote and develop the economic aspect of air transportation in the Philippines and to ensure that existing CAB policies are adapted to the present and future air commerce of the Philippines.
The policy of taxation in the Philippines is governed chiefly by the Constitution of the Philippines and three Republic Acts. 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 ".
The Philippines’ inflation target is measured through the Consumer Price Index (CPI). For 2009, inflation target has been set to be 3.5 percent, having a 1% tolerance level, and 4.5 percent for 2010, also having 1% tolerance. Also, the Monetary Board of the Philippines announced a target of around 4±1 percent from 2012 to 2014. [14]
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