Only those workers earning the equivalent of 15 federal minimum wages, amounting to 1.77 million pesos per month ($5,057), will continue to be subject to income taxes, constituting a minority of the workforce
VAT is the tax them because they are alive tax. Income tax is one of the fairer taxes out there (if the tax bands are setup well) because it taxes people based on their means to pay (mostly)
VAT is the tax them because they are alive tax. Income tax is one of the fairer taxes out there (if the tax bands are setup well) because it taxes people based on their means to pay (mostly)