If you’re a business owner in the Philippines, it’s important to know how to compute your taxable income. Whether you’re a VAT-registered or non-VAT registered business, you’ll need to follow specific steps to ensure compliance with the country’s tax laws. The steps below is as of...
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If you trade or move goods in, around, or out of Europe, you need to pay attention to new VAT regulations. Read on to ensure your business if your business prepared, and avoid disruptions to your cross-border trading. The European Union is removing the current VAT de minimis thre...
How to compute your Annual Income Tax or ITR dues Before you begin, you’ll need to check whether you’re on the 8% Income Tax Rate or the Graduated Income Tax Rate. The easiest way to do this is to check your Certificate of Registration from the BIR. This will indicate which tax sc...
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We compute an approximate model solution by linearising the model around its deterministic steady state. Given the structural parameters collected in θ, the linear rational expectation solution takes the following form:yt=Φ1θ+Φεθεt,where Φ1 and Φε govern the decision rules of the ...