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Today's Reviews - Nov 22, 2008

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A Gift On Phil. Labor Day

Investment Sector: Fixed Income
Submitted 5 months ago by Lovephileo , WEB CONSULTANT / PASTOR at LIGHT OF THE WORLD CHRISTIAN CENTER

Many labor days have come and gone fighting for Republic Act 9504, that the income tax exemption of minimum wage earners be put into law, that their earnings would no longer be subjected to witholding tax - at last certified urgent by Malacanang and the House and the Senate as a gift on RP's labor day. President Arroyo lately signed a law amme... More...

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Act 9504 tax exempt income tax labor day tax payer Tax Add Tag

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Behind Philippines' Tax Collection

Investment Sector: Currencies
Submitted 6 months ago by Lovephileo , WEB CONSULTANT / PASTOR at LIGHT OF THE WORLD CHRISTIAN CENTER

Poor tax-income ratio. That's how the Bureau of International Revenue (BIR) shows the writing on the wall. And why is that RP has poor tax collection?Based on the 2003 Family Income & Expenditures Survey (FIES), no group of workers paid more than 5% of their income in taxes, with the tax-income ratio ranging from 0.7% among farmers, forestry wo... More...

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BIR income tax tax rate FIES revenue http://images.swimplus.multiply.com/imag e/2/photos/upload/1200x60/QrblrQoKClMAAC aJQ5Q1.gif/philippineflag.gif?et=QRcEEsx yF6hyZQiYo6pw0Q&nmid=1590764 Add Tag

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