Unknown Story
Storyboard Text
- Spanish Era
- American Era
- Other forms of taxes from the Spanish Era isthe tributo, which was originally between 8 to 10 reales. Forced labor, or polo y servicio, was also a network for tax payment. Eventually, with the cedula, Spain replaced tributo with cedula, which allowed them to keep track of the people who could pay taxes.
- Commonwealth Era
- Other form of taxes from the Spanish Era is the tributo, which was originally between 8 to 10 reales. Forced labor, or polo y servicio, was also a network for tax payment. Eventually, with the cedula, Spain replaced tributo with cedula, which allowed them to keep track of the people who could pay taxes.
- Post-independence Period
- From 1898 to 1903, the Americans followed the Spanish system of taxation with some modifications. Later on, the Urbana would be replaced by a tax on a real state which became known as land tax.
- Do you understand now, Hiro?
- So that's what happened. Now I know, dad!
- In 1937, the cedula tax was abolished, which prepared to be a progressive move, however, in 1940, a residence tax was imposed on every citizen aged 18 years old and on every corporation. In 1939, the Commonwealth drafted the National Internal Revenue Code.
- A major reform in the tax system was introduced under the term Aquino, the Value Added Tax (VAT).Now, under Duterte’s Administration, he vowed to lower income tax rates shouldered by working Filipinos. The Tax Reform for Acceleration and Inclusion(TRAIN) law was also implemented. The proposed tax reform also seeks to limit VAT exceptions and increase excise tax on petroleum products and automobiles.
Peste 30 de milioane de Storyboard-uri create