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23 paź 2023 · What is Taxable Income? Types of Taxes in the Philippines. Direct taxes. Income tax. Withholding tax. Fringe Benefit Tax. Capital Gains Tax. Estate Tax. Donor’s Tax. Indirect taxes. Value Added Tax. Excise Tax. Documentary Stamp Tax. Local Taxes. Real Property Tax. Business Tax. Tax on Transfer of Real Property Ownership.
10 sie 2022 · What is the Comprehensive Tax Reform Program? The Duterte administration and the Department of Finance (DOF) initiated the CTRP to achieve the former president’s promise of “ Tunay na pagbabago.” The program’s goals are to expedite poverty reduction and tackle inequality sustainably.
16 mar 2023 · This guide outlines everything you should know about payroll and taxes in the Philippines. Learn about mandatory employer contributions, payroll administration options, and how to avoid the risks of noncompliance.
Payroll taxes in the Philippines cover compulsory employer contributions to various programs on behalf of employees. Read on to find out the different elements of payroll tax (otherwise known as employment taxes) in the Philippines and how it is calculated.
26 kwi 2024 · Tax Laws. Taxation laws also affect an employee’s compensation. These laws, for instance, set the ceiling of salaries and benefits that would be excluded from tax computations. For more information on the country’s salary structure, you may read An Employer’s Guide to Payroll in the Philippines.
The new Duterte administration is planning to undertake a reform of the Philippine tax system. This paper provides a background to options available to the government moving forward, starting with basic principles of taxation, criteria for evaluation, tax instruments and mix of instruments.
25 lip 2019 · We outline the various types of government-mandated deductions & contributions that employers in the Philippines must make and how to apply them accurately.
