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The economy of the Philippines is a mixed economy that combines elements of free market and state intervention. It is the 32nd or 28th largest economy in the world by nominal or PPP GDP, and a lower-middle income country with a high human development index.
The Tax Reform for Acceleration and Inclusion Law (TRAIN Law) is the first package of the Comprehensive Tax Reform Program (CTRP) signed by President Duterte in 2017. It lowered personal income tax and raised consumption tax on various products, aiming to achieve higher income country status by 2022 and 2040.
Benguet is a landlocked province in the Cordillera Administrative Region of Luzon, known for its upland vegetables and gold mining. Learn about its early history, Spanish colonial era, and political status as an independent city and a province.
Learn about the extent, measurement and historical background of income inequality in the Philippines, a Southeast Asian country with a growing economy but a large gap between rich and poor. See data, charts and sources on Gini coefficient, Palma ratio and GDP growth rate.
Learn about the policy, laws, and rates of taxation in the Philippines, including income tax, value-added tax, estate tax, and more. Find out how taxes are collected, administered, and enforced by the national and local governments.
Learn about the current and former executive departments of the Philippine government, their functions, heads, and locations. The web page does not mention the office of the president or its role in the executive branch.
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