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National Internal Revenue Code of 1997 5th Edition
In recent years, the way banks operate has been shaken by the revolution led by fintech giants and independent digital currencies. It is hard to overstate the consequences of this revolution and to understand them, we have to go back to the fundamental principle of banking – the “art of making money” or fractional-reserve banking.
The Bureau of Internal Revenue (BIR) has recently issued Revenue Regulations 10-2021 to amend certain provisions of Section 10 of Revenue Regulations 20-2018. Under RR 10-2021, the removal of sweetened beverage products intended for export shall be subject to the payment of excise tax by the manufacturer due on every removal thereof from the place of production.
THE present widespread presence of homeless and informal settlers in our society is another tormenting face of dehumanizing poverty in our country. Improving their current condition clearly needs direct government intervention. Otherwise, this problem will persist for a long time. The normal course of events cannot make it disappear or even mitigate it to any reasonable extent.
THERE’S a negative connotation affixed to the term “COVID-19”. When we hear it, we envision a global economic slowdown, the Philippine economy breaking its almost three-decade record of economic growth, cessation of business activities due to quarantine restrictions, including steep declines in household income.
The Bureau of Internal Revenue (BIR) recently issued Revenue Regulations (RR) No. 9-2021 which imposed 12% Value-Added Tax (VAT) on certain transactions that were previously taxed at 0%. The RR took effect on June 27, 2021, 15 days from its publication.
A HEARTBREAKING face of poverty is the present-day preponderance of undernutrition or malnutrition of young Filipino children.
IF I were the country's next president, my overarching program would be to substantially reduce poverty. There are several aspects to this great undertaking. I will deal first with what I call providing "Siguradong Sahod" to a targeted group - those families within the poverty threshold, as currently defined.
The Bureau of Internal Revenue (BIR) has issued Revenue Regulations (RR) 09-2021 on June 11, 2021, which implements the imposition of 12 percent Value-Added Tax (VAT) on certain previously zero-rated goods and services. This amendment to RR 16-2005, as earlier amended by RR 13-2008 and RR 26-2018, has been signed following the fulfillment of the conditions set under Republic Act 10963 or the Tax Reform for Acceleration and Inclusion (Train) Law.
