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Form W-2 (officially, the "Wage and Tax Statement") is an Internal Revenue Service (IRS) tax form used in the United States to report wages paid to employees and the taxes withheld from them. Employers must complete a Form W-2 for each employee to whom they pay a salary, wage, or other compensation as part of the employment relationship.
In the Philippines, local government is divided into three levels: provinces and independent cities, component cities and municipalities, and barangays, all of which are collectively known as local government units ( LGUs ). In some areas, above provinces and independent chartered cities are autonomous regions, such as the Bangsamoro Autonomous ...
The Bureau of Internal Revenue[ 2 ] ( Filipino: Kawanihan ng Rentas Internas, or BIR) is a revenue service for the Philippine government, which is responsible for collecting more than half of the total tax revenues of the government. It is an agency of the Department of Finance and it is led by a Commissioner.
Below is a full list of primary-level subdivisions of local government in the Philippines. As of June 30, 2019, there are 81 provinces ( province ), 33 highly urbanized cities ( HUC ), 5 independent component cities ( ICC ), and one independent municipality ( NCR municipality ). [1] [needs update] All 120 primary-level LGUs (local government ...
AFPCGSC – Armed Forces of the Philippines Command and General Staff College. AIR RESCOM – Philippine Air Force Reserve Command. AMLC – Anti-Money Laundering Council. ARESCOM – Philippine Army Reserve Command. ARG – Armed Forces of the Philippines Reserve Command Affiliate Reserve Group. ASEAN – Association of Southeast Asian Nations.
So, does that mean you’re a W-2 or a 1099 employee? If you’re an employee, you’ll receive a W-2. And if you’re an independent contractor, you’d receive a 1099 form.
The policy of taxation in the Philippines is governed chiefly by the Constitution of the Philippines and three Republic Acts . Constitution: Article VI, Section 28 of the Constitution states that "the rule of taxation shall be uniform and equitable" and that " Congress shall evolve a progressive system of taxation ". [1] National law: National ...
In the Philippines, this is characterized by continuous and increasing levels of debt and budget deficits, though there were improvements in the last few years of the first decade of the 21st century. The Philippine government's main source of revenue are taxes, with some non-tax revenue also being collected. To finance fiscal deficit and debt ...