Alphagraceandoidn
Answered

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Does Philippines have sound tax system?​

Sagot :

Celineisqtidn

Answer:

The Philippines is undergoing a shift in its fiscal landscape with the introduction of new measures that aim to overhaul the country's tax system. ... More importantly, he said, a sound tax system for the country would create a robust fiscal position which, in turn, would help sustain the economy's rapid growth.

Harryacepogi123idn

Answer:

In January,the government implemented Republic Act 10963 or the Tax Reform for Acceleration and Inclusion (TRAIN) Law,which sought to lower personal income taxes

More Information about Tax:

Also four main types of national internal revenue taxes: income, indirect (value-added and percentage taxes), excise and documentary stamp taxes, all of which are administered by the Bureau of Internal Revenue (BIR)

tax system in the Philippines

-Income of residents in Philippines is taxed progressively up to 32%. Resident citizens are taxed on all their net income derived from sources within and without the Philippines. For nonresident, whether an individual or not of the Philippines, is taxable only on income derived from sources within the Philippines.

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