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30-Jul-2017 04:22

Individuals who are earning compensation income, engaged in business or deriving income from the practice of profession are entitled to the following Personal Exemptions: For domestic corporations, the corporate tax rate is 30% of the Net taxable income from all sources starting January 1, 2009.For proprietary educational institutions and non-stock, non-profit hospitals, the tax rate is 10% of the Net taxable income, provided that the gross income from unrelated trade, business or other activity does not exceed 50% of the total gross income.Year after year, April 15 is a date millions of Filipinos dread.It is because this date is the annual deadline to file income tax returns.

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The amount of separation pay depends on the specified cause of termination.

Our mission has been the protection of the wage-worker, now; to increase his wages; to cut hours off the long workday, which was killing him; to improve the safety and the sanitary conditions of the workshop; to free him from the tyrannies, petty or otherwise, which served to make his existence a slavery.



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