Taxation In The Philippines Argumentative
- Pages: 2
- Word count: 341
- Category: Philippines Universal Basic Income
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Taxation
An aspect of fiscal policy
Policies[show]
Government revenue
Tax revenue
Non-tax revenue
Tax law
Tax bracket
Tax threshold
Exemption
Credit
Deduction
Tax shift
Tax cut
Tax holiday
Tax advantage
Tax incentive
Tax reform
Tax harmonization
Tax competition
Double taxation
Representation
Unions
Medical savings account
Tax, tariff and trade
Economics[show]
Price effect
Excess burden
Tax incidence
Laffer curve
Optimal tax
Theory
Optimal capital income taxation
Collection[show]
Revenue service
Revenue stamp
Tax assessment
Taxable income
Tax lien
Tax refund
Tax shield
Tax residence
Tax preparation
Tax investigation
Tax shelter
Private tax collection
Tax farming
Noncompliance[show]
Tax avoidance
Tax evasion
Tax resistance
Tax haven
Smuggling
Black market
Transfer mispricing
Unreported employment
Tax shelter
Distribution[show]
Tax rate
Progressive
Regressive
Proportional
Types[show]
Direct
Indirect
Per unit
Ad valorem
In rem
Capital gains
Carbon
Consumption
Dividend
Ecotax
Excise
Georgist
Gift
Gross receipts
Income
Inheritance (estate)
Land value
Payroll
Pigovian
Property
Sales
Sin
Single
Stamp
Steering
Turnover
Value-added (VAT)
Corporate profit
Excess profits
Windfall profits
Negative (income)
Flat
International[show]
Financial transaction tax
Currency transaction tax
Tobin tax
Spahn tax
Tax equalization
Tax treaty
European Union FTT
Trade[show]
Custom
Duty
Tariff
Import
Export
Tariff war
Free trade
Free trade zone
Trade agreement
Religious[show]
Church tax
Eight per thousand
Teind
Tithe
Fiscus Judaicus
Leibzoll
Temple tax
Tolerance tax
Jizya
Kharaj
Khums
Nisab
Zakat
By country[show]
List of countries by tax rates
Tax revenues as %GDP
Albania
Algeria
Argentina
Australia
Azerbaijan
Bangladesh
Bhutan
Canada
China
Colombia
France
Germany
Greece
Iceland
India
Indonesia
Iran
Ireland
Israel
Italy
Japan
Kazakhstan
Lithuania
Namibia
Netherlands
New Zealand
Norway
Pakistan
Palestinian territories
Peru
Philippines
Poland
Russia
Singapore
South Africa
Sweden
Switzerland
Tanzania
United Kingdom
United States
Uruguay
Taxation in the Philippines is controlled by the Bureau of Internal Revenue (Philippines). Taxes in the Philippines range from 5% to 35%[1] Contents
1 Exceptions
2 Cedula
3 Value Added Taxes (VAT)
4 Excise taxes
5 References
Exceptions
employed individuals: single, head of the family, and married individuals[1] …… 25,000 for every qualified dependent child; number of children not to exceed four.[1] Exceptions for Small and Medium Enterprises with income of less than 100,000 pesos Cedula
Cedula is a community tax that is paid annually at the Barangay Hall. It is often rated at 5% of income. Value Added Taxes (VAT)
In the Philippines, the rate of VAT is at 12%. With some additional VAT:[1] Cockpits and Cabarets: 18%
Jai-Jalai and racetracks: 30%
And with some exceptions:[1]
Big Businesses: 90%
Not VAT-registered businesses: 3-5%
Excise taxes
Alcoholic beverages, tobacco products, jewelry, petroleum products, mining and petroleum taxes, residence taxes, a head tax on immigrants above a certain age and staying beyond a certain period, document stamp taxes, donor (gift) taxes, estate taxes, and capital gains taxes. A document stamp tax is charged on stock certificates, proofs of indebtedness, proofs of ownership, etc., and normally amount to .75% to 1% of the par or face value of the certificate are imposed with excise taxes.