Why does government collect taxes? The government collects taxes to provide basic services such as education, health, infrastructure, and other social services for all. Taxes are also used to build schools, hospitals, roads and various infrastructure for connectivity, and industrial and Ey-qare lac 16 revel Ueto These taxes are used to pay for our doctors, teachers, soldiers, and other government personnel and officials. these investments would give the people an opportunity ite in economic progress and nation-bui (OU Rance ear)What are taxes BEY Oe Teme L-1C ag contributions of everyone to raise revenue for nation-building. The revenue raised is used to pay for our doctors, teachers, soldiers, and other government personnel and officials, as well as for building schools, hospitals, roads, and other infrastructure. OU bec eaWhy does government collect taxes? The government collects taxes to provide basic services such as education, health, infrastructure, and other social services for all. Taxes are also used to build schools, hospitals, roads and various infrastructure for connectivity, and industrial and agricultural facilities. BU SRE M Le ooo our doctors, teachers, soldiers, and other government personnel and officials. Prioritizing these investments would give the people an opportunity to contribute in economic progress and nation-build' (Sl kare eaWho pays taxes We all pay taxes, either directly or indirectly. We pay taxes according to our income and/or level of consumption. is based on is the ability-to-pay based on the amount of principle wherein people goods and services with higher income utilized such that the should pay more. recom LOMO mac higher the tax you pay. (Ol kee easWho pays taxes? Filipinos residing in the Philippines are taxed based on income earned here and abroad. In the case of Filipinos living abroad, they are only taxed based on their income earned in the Philippines. Similarly, resident aliens and non-resident aliens in the Philippines are taxed based on their income earned in the country.Who pays taxes? The following are the number of taxpayers by income bracket: ETM eee mila) 262,815 taxpayers Pree este Sisto 250,000 to 500,000 EOC Ey Pree ed Pl teogey 140,000 to 250,000 CERO Pa eel 17.92B tax due mnt ‘ a hay Ree Dear Soret s Reo or Besecenecenecenencesetay, ste er late CORTE CURTIN ececenecececececece occ) CEST aes eveteretecetese®, , i : SCENE Tree SUEY Se rat ERROR CY MO Pa er ey Cae Ree Crd 2.55B tax due ROR SPC 98.21B income/sales ee Emenee 250,391 taxpayers Beer Neue 360.89M tax due a Chg ** Taxpayers include both compensation income earners, and self-employed and professionals *** income/sales and tax due distribution based on DOF estimates © [fly aacWhere do my taxes go? For every Php100 we contribute through our taxes, Php40 goes to the local government, while the Php60 is used by the national government to invest in programs and projects that benefit the whole country. National government Local government The local government units use their share of the national funds, together with local funds, to provide services to its people. Part of this goes to the local development fund to provide better infrastructure and economic services. (Sl kare eaWhere do my taxes go Taxes are used to fund social services and investment in infrastructure and human capital development. aeRO mee eMe lL NU EI C Ce RCO S poorest through targeted transfers (e.g. 4Ps, pension to qualified senior citizens, allowance for PWDs, PhilHealth). (Ol kao eaWhat are the different kinds of taxes Taxes can either be direct or indirect. Een eae R dali 1 Kms] (6) are collected based from your income and properties. on consumption. Examples include Examples include personal and Col oM eb CPAP ACID oR corporate income taxes, property and documentary stamp tax (DST). and capital taxes. (OU haere eaWhat are the tax rates for the different kinds of taxes is a type of indirect tax imposed on goods and services. It is typically passed on to the buyer as part of the selling price. Both imported and domestic goods and services are covered by VAT, but there are many exemptions. For non-exempt For exports and For selected goods domestic and export-related and services imported goods and transactions ae (OU keer eaWhat are the tax rates for the different kinds of taxes? Income tax is a direct tax paid by an individual or organization imposed on: Compensation ee Poly ited Practice of Tax on deposits, BS] CVT Som] 4 Felco SoA REL RI CRI Te] taxable bonuses, gains from sale of dividends Lixo XLT assets, and other other allowances income not covered by compensation FD www.dofgev.ph #Taxt01