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- Evolution of Philippine Taxation
- Mom, why do we have taxes. Where it comes from?
- Ow? really? Thanks mom!
- Let me tell you about the Evolution of Philippine#160; Taxation
- Taxation During Spanish Era
- #160; #160; #160;Taxation Under the American Era
- Mariz wants to enlighten about the Evolution of Philippine Taxation which their topic in here school. So she asked her mom about it.
- Taxation During the#160;Commonwealth Era
- Okay, let's start!
- During the Spanish Colonial (1521-1898) there is Galleon Trade wherein 16 yrs. old to 60 yrs. old#160; forced to pay tributes and forced labor#160; or Polo Y Servicio which Male Filipinos were obligated to serve which results to deaths. In 1884, the tribute was abolished and was replaced by the Cedula.
- Post-independence Period
- From#160;1898 to 1903,#160; Americans implemented the land tax. And make economy self-sufficient by the government, also possible sum revenue and create surplus budget by operating the government.
- Ending
- The cedula tax was abolished in 1937, that became prepared to be a developing country. In 1939, the Commonwealth drafted the National Internal Revenue Code.
- (During Aquino Regime ) -A major reform in the tax system in 1986 was the Value Added Tax (VAT)(During Arroyo's Regime)- In 2005, under Arroyo Administration, the Expanded Value-Added Tax (E-VAT) was signed into law as Republic Act 9337.(Now, Duterte's Administration)- He vowed to lower the income tax rates shouldered by working Filipinos. Supported the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) law.
- Mariz was amazed at what the Filipinos went through with the foreign invaders that was not easy and presidents who swore for the tax system to be equal#160;
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