STORYBOARD (Evolution of Philippines Taxation) Part 2
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- In Commonwealth Period, in 1937 Cedula was abolished, which prepared to the progressive movement but in 1940 a resident tax was imposed on every citizens aged 18 years old and every corporation. In 1939, they drafted the National Internal Revenue Code.
- Taxation During The Commonwealth period
- Dad, next what is the fiscal policy in the present?
- During Aquino Regime, the administration ventured into the adjustment of tax on liquor and to the cigarette or this is the Republic Act. 1035. And now in Duterte regime we have TRAIN law or the Tax Reform for Acceleration and Inclusion Law
- Ahh! Thank you Dad.
- Welcome! I hope you learn a lot.
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