Tag

// National Internal Revenue Code (NIRC)
JUN
04
2021

Erroneous revenue order can bankrupt struggling private schools

The BIR should rescind its erroneous order imposing a 25 percent corporate income tax on private schools, as “it is a flawed interpretation of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act,” said Senate President Pro Tempore Ralph Recto. “Yung title pa
OCT
01
2019

SBN-1084: Establishing the Tax Regime of One Person Corporations

An Act Establishing The Tax Regime Of One Person Corporations, Amending For This Purpose Section 22(B) Of The National Internal Revenue Code Of 1997, As Amended This proposed measure seeks to establish the tax regime of One Person Corporation (OPC). The concept of OPC has been
SEP
16
2015

SBN-2953: Increasing the Allowable Personal Exemption of Individual Taxpayers

An Act Increasing the Allowable Personal Exemption of Individual Taxpayers, Amending for the Purpose Section 35 (A) of the National Internal Revenue Code of 1997, As Amended, And for Other Purposes
AUG
05
2015

SBN-2890: Expanding the Benefits and Privileges of Persons With Disability

An Act Expanding The Benefits And Privileges Of Persons With Disability (PWD), Amending For This Purpose Section 32 Of Republic Act No. 7277, Otherwise Known As The ‘Magna Carta For Persons With Disability,’ As Amended, And Section 35 (B) Of Republic Act No. 8424,
JAN
21
2014

SBN-2074: Financial Support for Health Care Coverage and Awareness Programs

An Act Modernizing Government Hospital Facilities, Providing Special Financial Support for Health Care Coverage and Awareness Programs, and for Displaced Workers in the Alcohol and Tobacco Industry Amending For The Purpose Section 288 Of The National Internal Revenue Code Of
NOV
21
2013

SBN-1944: Tax Relief to the Labor Sector

An Act Providing Tax Relief to the Labor Sector by Expanding the Coverage of Exclusions From Gross Income and Increasing the Amounts of De Minimis Benefits Exempt From Tax Amending for the purpose Sections 32(B) And 33 Of The National Internal Revenue Code Of 1997, As Amended,
AUG
06
2013

SBN-1213: Excluding Performance-Based Bonus From the Computation of Taxable Income

An Act Excluding the Performance-Based Bonus From the Computation of Taxable Income Amending for the Purpose Section 32 (B) (7) of Republic Act No. 8424, Otherwise Known as the National Internal Revenue Code Of 1997, As Amended Performance-Based Bonus a top-up bonus given to
JUL
10
2013

SBN-717: Exempting Membership Fees, and Other Assessments/Charges Collected by Condominium Corporations from VAT

An Act Exempting Membership Fees, and Other Assessments/Charges Collected by Condominium Corporations From Value-Added Tax, Amending for the Purpose Section 109 (1) of the National Internal Revenue Code, As Amended, And For Other Purposes Exempts membership fees and other
JUL
10
2013

SBN-716: Adjusting the Levels of Net Taxable Income and Nominal Tax Rates

An Act Adjusting the Levels of Net Taxable Income and Nominal Tax Rates for Purposes of Computing the Individual Income Tax Amending Section 24(A)(2) of the National Internal Revenue Code, as Amended, And For Other Purposes This bill seeks to amend Section 24 of the National