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Good day everyone. I am Lyca May Santos from BSAIS 2BThis Storyboard is about the Evolution of Philippine Taxation
Taxation in the Philippines during the Spanish Colonial Period has Galleon Trade and the Filipino men were obliged to serve which results to deaths
TAXATION DURING SPANISH ERA
Americans aimed to make the economy self-sufficient by running the government with the possible sum revenue and create surplus in the budget. They also implemented the land tax.
Taxation Under the Americans
In 1973, the Cedula Tax was abolished which prepared to be a progressive move. In 1939, the Commonwealth drafted the National Internal Revenue Code which introduce major changes in the new tax system.
Taxation during the Commonwealth Period
A major reform in the tax system was introduced under the Aquino term. Under the Arroyo's regime, the Value added Tax (E-VAT) was signed (RA 9337)
Fiscal Policy from 1946 to Present
And under Duterte's administration, he vowed to lower the income tax rates. The Tax Reform for Acceleration and Inclusion (TRAIN) is also implemented.

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