I. Introduction to the tax systemThe laws governing taxation in the Philippines are contained within the National Internal Revenue Code. This code underwent substantial revision with passage of the Tax Reform Act of 1997. This law took effect on January 1‚ 1998.Taxation is administered through the Bureau of Internal Revenue which comes under the Department of Finance. The chief executive of the Bureau of Internal Revenue is the Commissioner who has exclusive and original
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The History of the Philippines The archipelago of the Philippine is made up of over 7‚100 islands and lies off the south coast of Taiwan and its Southeastern neighbors‚ Malaysia and Indonesia (Kittler & Sucher‚ 2000). The nation is surrounded by the South China Sea on the west and by the Pacific Ocean on the east. The Filipinos are descendants of migrants from Southeast Asia such as Indonesia and Malaysia who came to the islands in successive waves over many centuries and largely displaced
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TERM PAPER IN MICROECONOMICS BY: MA. DAYANARA P. MANAIG TO: PROFESSOR JOYCE COLCOL Economy of the Philippines The Philippines is a developing country in South-East Asia. In 2004‚ it was ranked as the 24th largest economy by the World Bank according to purchasing power parity. The Philippines is one of the newly industrializing countries in the world. Important sectors of the Philippine economy include agriculture and industry‚ particularly food processing‚ textiles and garments‚ and electronics
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Area in Pasay City‚ Metro Manila.Its main base is Ninoy Aquino International Airport‚ Manila‚ and with a hub at Mactan-Cebu International Airport‚ Cebu. It is the first airline in the Philippines to be run as a cooperative. Air Asia * is a low-cost carrier based in the Philippines. The airline is the Philippine affiliate of AirAsia‚ a budget airline based in Malaysia. It is a joint venture between Filipino investors and AirAsia International Ltd‚ a subsidiary of AirAsia Inc. The joint venture
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The Philippines And the struggle for democracy The second half of the 20th century brought many new countries in Southeast Asia. A majority of these countries began to use western democracies to shape their government. The Philippines is among the newly democratized developing states. The Philippines has been directly influenced by the United States in developing its autonomy as a democracy. Because of continuing corruption and dynastic rule‚ contradictions in political culture‚ and semi-authoritarian
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Philippine Airlines‚ Inc. (abbreviated as PAL and also known historically as Philippine Air Lines) operating as Philippine Airlines‚ is a flag carrier of the Philippines. Headquartered at the Philippine National Bank Financial Center in Pasay City‚[2][3] the airline was founded in 1941 and is the first and oldest commercial airline in Asia operating under its original name.[4] Out of its hubs at Ninoy Aquino International Airport of Manila and Mactan-Cebu International Airport of Cebu City‚ Philippine
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CHAPTER I INTRODUCTION For more than years‚ Philippine is saddled with huge challenges on how to find a concrete strategy to cope up economic depression‚ mainly the main reason that analysts could see is the drastic population density that leads to various implications like poverty (the main symptoms of having overpopulation and every country’s problem that almost all cannot resolved)‚ poor governance that results rampant corruption from public officials‚ colonial mentality also blocks progression
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Poverty in the Philippines UN Millennium Development Goal Poverty in the Philippines UN Millennium Development Goal MDG 1 Report: Poverty in the Philippines INTRODUCTION Poverty reduction has been a major problem for all developing countries. As Kofi Annan stated “The biggest enemy of health in the developing world is poverty” (Kofi Annan‚ cited in WHO‚ 2013). Poverty is experienced all over the world but its effect is most significantly seen in developing countries like Philippines‚ one of the
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Philippine history is a very rich and interesting topic. The Philippines can really have many ways to be proud‚ from the colorful variety of the local cultures to its natural geography. It boasts different cultures and traditions that came from different places all over the areas of the Philippines. Upon reading the article given‚ I have put in mind new knowledge that I have never encountered before. I have learned some of the variations of Filipinos like those who like to wear four-inch shoes
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CHAPTER II REVIEW OF RELATED LITERATURE Despite Crises‚ Wow Philippines Campaign Made 2003 Tourism Succeed In 2003‚ 1.9 million tourists arrived in the Philippines compared to 1.93 million in 2002. The slight drop of .03% was a result of the Oakwood mutiny‚ the threat of Severe Acute Respiratory Syndrome (SARS)‚ the Iraq war‚ political turmoil‚ and the unhelpful travel advisories from different countries However‚ tourism revenues for 2003 kept balance with 2002 revenues because of the Department
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