Advised an energy generation company on the tax issues involved in the construction and operation of a 300-MW power plant. Advised a mass transportation company on the tax issues which may arise from a potential public-private partnership. Reviewed monthly and quarterly tax filings and tax complian...
Twitter Google Share on Facebook Thesaurus Medical Legal Financial Encyclopedia Wikipedia Related to tax system:Progressive tax system,Territorial tax system ThesaurusAntonymsRelated WordsSynonymsLegend: Switch tonew thesaurus Noun1.tax system- a legal system for assessing and collecting taxes ...
Incubation of different rice field soils (from Italy, China and the Philippines) and flooded riparian soils (from the Netherlands) at 45 degrees C resulted in vigorous CH4 production after a lag phase of about 10 days. The archaeal community structure in the soils was analysed by terminal ...
A foreign corporation, whether engaged or not in trade or business in the Philippines, is taxable only on income derived from sources within the country. Where the non-resident foreign corporation, however, is a resident in a country with which the Philippines has a double-tax treaty, it may...
…charities that support small-scale farmers and help people after natural disasters have…had their top brass charged and accounts frozen for allegedly breaching the Philippines’s Anti-Terrorism Act, a draconian law passed in 2020. Their ordeal is an example of how governments are weaponising rul...
If a business has no employees, does not operate as a corporation or partnership, does not pay excise taxes, and meets several other requirements listed on the IRS website, it may not need a tax ID number. This most likely would be limited to tax-exempt sole proprietors with little to ...
The Philippines and Brunei have signed a double taxation avoidance treaty to eliminate double taxation on income generated from cross-border transactions.
Up until the 1970s, Philippine taxes accounted for only roughly 10 percent of the nation's GNP. Capital expenditures required more tax revenue under the regime of Ferdinand Marcos. However, the Philippines still lacked a comprehensive tax system and few limitations were placed on the government's...
An individual citizen of the Philippines who is working and deriving income from abroad as an overseas Filipino worker is taxable only on income from sources within the Philippines; provided, that a seaman who is a citizen of the Philippines and who receives compensation for services rendered abroa...
Expenses relating to income which is exempted from tax, e.g., interest on loans used to buy shares where dividends to be received are not subject to income tax; i. Salaries or compensation received by partnership or firmas members where their participation is not divided into shares. 10 ...