Philippine Taxation under American Period PDF

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Philippine Taxation under American Period (1898-1935) 1898-1903: Americans followed the Spanish system of taxation. The Urbana which is a tax on the annual rental value of an urban real estate was replaced known as land tax that charge both urban and rural real estate Civil Government in the Philip...

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Philippine Taxation under American Period (1898-1935)  1898-1903: Americans followed the Spanish system of taxation. The Urbana which is a tax on the annual rental value of an urban real estate was replaced known as land tax that charge both urban and rural real estate Civil Government in the Philippines: - William H. Taft (1902)- Luke E. Wright (1904)  July 2, 1904: Bureau of Internal Revenue (BIR) was created through the passage of Reorganization Act No. 1189  August 1, 1904: the BIR was formally organized and made operational. The bureau is mandated by law to assess and collect all national internal revenue taxes, fees, and charges  1904: The Internal Revenue Law of 1904-licensed and excise taxes, taxes on banks, doc. Stamp taxes, cedula, taxes on insurance company, forest products, mining concessions, taxes on business, occupational licenses 

1907: Changes in cedula and industrial tax The cedula under the new law went through changes as the rate was fixed per adult male. Some places were authorized to double the fee for the cedula. The industrial tax was charged  October 3, 1913: Underwood-Simmons Tariff Act U.S Pres. Woodrow Wilson Governor-General Francis Burton Harrison its purpose was to reduce levies on manufactured and semi-manufactured goods and to eliminate duties on most raw materials. New sources of tax were introduced:  Income tax (1914)  Inheritance Tax (1919)  National Lottery (1932)Taxation during the Commonwealth Period (1935-1945)  1936: Addition of a surtax rate 

Nov. 15, 1937: Abolition of Cedula Tax The cedula tax was abolished by the National Assembly of the Philippines because of the heavy burden that brings to the poor people.  January 1, 1940: Imposing of Residence Tax Every inhabitant of the Philippines over eighteen years of age who has been regularly employed on a wage or salary basis and on every corporation no matter how created or organized is subject to residence tax. Exemptions are the ff.: -US high commissioner and member of his staff, -Commissioned officers and enlisted soldiers of US army and navy-Representative and officers of foreign powers-Transient visitors staying less than 3 months in Philippines National Internal Revenue Code of 1939 -New tax system during commonwealth...