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What are the different taxes in the philippines?


What are the different taxes in the philippines?

Well, I can't give you a complete answer, but here's a start.

One big tax is is the VAT (value added tax) of 12% added to the sales price of most goods. Some businesses are exempt from this and pay instead a 3% gross receipts tax.

There is also a personal income tax, a corporate income tax, a gift tax and an estate tax.

For more info, see the web site of the Philippine Bureau of Internal Revenue (link below). Source(s): http://www.bir.gov.ph/
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