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Prohibition against taxation of non-stock , non-profit educational institutions and proprietary educational institutions (exempt from property and income taxes as well as customs duties except income derived from business activity not related to its educational purpose)
- Tax Code
The term “foreign tax authority,” as used herein, shall...
- Tax Code
Income tax for individuals. Citizens of the Philippines and resident aliens must pay taxes for all income they have derived from various sources, which include, but are not limited to: Compensation and self-employment income.
May 23, 2024 · To help fund public works and services—and to build and maintain the infrastructure used in a country—a government usually taxes its individual and corporate residents. The tax collected is...
Oct 23, 2023 · Navigate the Philippines' tax landscape with our guide. Understand key policies, meet deadlines, and employ strategies to ensure compliance and minimize tax headaches
Tax law in the Philippines covers national and local taxes. National taxes refer to national internal revenue taxes imposed and collected by the national government through the Bureau of Internal Revenue (BIR) and local taxes refer to those imposed and collected by the local government.
Speaking of which, tax collection is the government’s way to fund various basic services such as health care, education, and livelihood, as well as public structures such as roads, bridges, and school buildings.
Income Tax is a tax on a person's income, emoluments, profits arising from property, practice of profession, conduct of trade or business or on the pertinent items of gross income specified in the Tax Code of 1997 (Tax Code), as amended, less the deductions if any, authorized for such types of income, by the Tax Code, as amended, or other ...
