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Philippine Economic Zone Authority Locators • SEPs with total annual gross sales and/or gross receipts not exceeding PHP500,000 are exempt from 3% percentage tax.
The Bureau of Internal Revenue (BIR) issued Revenue Regulations No. (RR) 13-2018 implementing the value-added tax (VAT) provisions of Republic Act No. 10963 or Tax Reform for Acceleration and Inclusion (TRAIN) Law by amending RR 16-2005 (Consolidated VAT Regulations of 2005), with its salient features as follows:
7 Ιαν 2022 · Assess the implementation of TRAIN Law on the change of unemployment among workforces in the Philippines. The main focus of this study is on the impact of the TRAIN Law and th e growth...
27 Δεκ 2017 · The TRAIN will provide hefty income tax cuts for majority of Filipino taxpayers while raising additional funds to help support the government’s accelerated spending on its “Build, Build, Build” and social services programs.
President Rodrigo Roa Duterte signed the Republic Act 10963 also known as TRAIN law. 1. Implementation of the TRAIN law. WHAT DOES TRAIN AIM FOR? TRAIN aims to make the current tax system simpler, fairer, and more efficient. By 2020.
The BIR issued Revenue Regulations No. (RR) 11-2018 amending the provisions of RR 02-98 to implement further the provisions of Republic Act No. 10963 or the Tax Reform for Acceleration and Inclusion (TRAIN) Law. Some of the salient features of RR 11-2018 are as follows: 1. Revised withholding tax rates.
The Tax Reform for Acceleration and Inclusion Law (TRAIN Law), [1] officially designated as Republic Act No. 10963, is the initial package of the Comprehensive Tax Reform Program (CTRP) signed into law by President Rodrigo Duterte on December 19, 2017.
