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Guide to taxes in the Philippines

Taxes in the PhilippinesThough slightly above regional peers, taxes in the Philippines are rather low globally: low corporate income tax, low progressive income tax and and low VAT. Though the taxation system is rather simple, particular rates, formalities and methods of calculations have to be implemented to properly compute and declare taxes. Main taxes in the Philippines The main taxes levied by the Bureau of Internal Revenue of the … Continue reading Guide to taxes in the Philippines

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Source: ASEAN News

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