Buy custom Philippines Country Snapshot
Essay's paper info
Topic: |
Biographies
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Number of pages / Number of words: |
5 / 1156 |
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It has a charter limited to 50 years and renewable for the succeeding 50-year terms.
A branch may be established by a 100% foreign-owned enterprise. The paid-up capital of the branch must be at least US $200,000.00 subject to conditions where this capital requirement may be waived.
Although branches and subsidiary corporations have the same registration fees and same requirements for business licenses and investment, tax regimes differ...
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The work permits issued to foreign workers may be obtained from the Department of Labor and presented to the Bureau of Immigration and Deportation for the issuance of a working visa that will enable the alien employee to stay in the Philippines for the duration of this employment.
Taxation
Corporate tax
Main rate
35%
Resident domestic corporations are taxed at 35% of taxable income from all sources...
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