MANILA, Philippines – Nothing comes for free in the country, as - TopicsExpress

MANILA, Philippines – Nothing comes for free in the country, as almost all transactions require tax payments. The Tax Reform Act of 1997 identifies whose duty it is to pay taxes. It also states the types of taxes that individuals and corporations have to pay. According to the law, there are two basic types of taxes: national and local. National taxes are those we pay to the government through the Bureau of Internal Revenue (BIR), while local taxes are the ones levied by local government units (LGUs).

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