Taxes in the Philippines are imposed at both the national and local levels. At the national level, taxes are imposed and collected pursuant to the National Internal Revenue Code, the Tariff and Customs Code, and several special laws. There are four main types of national internal revenue taxes: income, indirect (value-added and percentage...
As ASEAN starts its economic integration in 2015, there have been certain important developments in the legal and regulatory framework of the Philippines. As elucidated below, the changes of recent years have significant implications in the area of banking and finance, mergers and acquisitions, and data privacy.
Aimed at modernising an outdated system and providing students with an education that better equips them to participate in an increasingly competitive world, the K-12 programme is receiving full support from the government. Part of President Benigno Aquino III’s 10 Point Education Agenda, the K-12 programme turns the existing 10-year system...
Having been the only country in South-east Asia providing just 10 years of basic education to its population, the Philippines is working to join its neighbours and implement a K-12 system in 2016. Though the administration of President Benigno Aquino III is providing the Department of Education (DepEd) with more funding to aid the realisation...
The role of the private sector in education has always been apparent in the Philippines, particularly due to the dominance of private tertiary institutions that were established before state institutions arrived to provide more affordable options. As a result of this history, past and present governments have been able to consistently work...
When making investment decisions, mining companies take a wide array of variables into account, including everything from regulatory policies and political stability, to resource size and accessibility. As geologic factors such as the grade or depth of resources are relatively constant, governments have a more limited toolbox when it comes to...
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