How to Invest in Foreign Exchange in the Philippines | Fxclearing.com is a BIG SCAMM WITH FAKE REGISTRATION.

Top managment of stealer who scam money of clients:

Juan Belleza Jr
Team Leader
2056 D Kahilum 1 Barangay 870 Zone 95 Pandacan Manila, Philippines
https://www.facebook.com/theimbachronicler
639776459387 / 639155292409

Lea Jean Belleza
Assistant
2056 D Kahilum 1 Barangay 870 Zone 95 Pandacan Manila, Philippines
https://www.facebook.com/lj.r.belleza

James Tulabot
Team Leader
https://www.facebook.com/jamescuzy

Allen Roel Costales
Sale Manager
522 Tanglaw St. Mandaluyong City Barnagay Plainview
https://www.facebook.com/allennicanor.costales
639565914849

Kristoff Salazar
Sale Team Leader
Unit 1414 Kumagawa Bldg River City Brgy 880 Sta. Ana Manila, Philippines
https://www.facebook.com/Kristoff225
639561355764

Xanty Octavo
Sale Manager
8137 Yabut Street Guadalupe Nuevo Makati City , Philippines
https://www.facebook.com/xanty.octavo
639171031948

Virgilito Dada
Account Manager
https://www.facebook.com/potsdada.antonio

Elton Danao
Sale Manager
https://www.facebook.com/eosnyssa
639175048891 / 639991854086

All of this persons need be condemned and moved in Jail.

!!!!!STOP STEAL Philippines MONEY!!!!!!

This is subject to minimum restrictions; e.g., the computerized system must conform to generally accepted accounting and auditing principles and the underlying BIR regulations. Also, we strictly require adequate back-up system.Other Compliance Requirements -In the course of the business operations of taxpayers, they are required by law to submit certain financial reports and records. This may be submitted in electronic format, such as diskette and compact disc. It is possible that the required information be submitted on-line, although at this time, the cost of the technological infrastructure required to accommodate such a huge data would be too prohibitive for this purpose.

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What is Komo?

As you very well know, the BIR, each working day collects, P 1.515 Billion or almost 80% of total revenues of the government. So that in May, our slippage was only about 4 hours of collection.Kung mas mahaba ng konte sana yung oras, we could have made it.But in June, and this is the bad news, it widened to 4 1/2 days. But I’m sure we will catch up with it and we’re already starting to catch up this July. One piece of good news is that the Large Taxpayers Service, headed by Assistant Commissioner Gina Trinidad met its target in July. If we are to reverse this trend, and attain true economic stability, then the reform of the entire tax administration system is urgent, and inevitable. This is the guiding spirit behind the BIR Transformation Program, our blueprint for the future of tax administration. The Second Semester promises to be a time of continued challenge, but even greater opportunities.

Hence, removal or minimization of tax obstacles will encourage investments that would not otherwise be made. The Omnibus Investments Code of 1987, as amended, provides fiscal and non-fiscal incentives to registered enterprises. It is hoped that the advent of the twenty-first century will witness more significant achievements by the Bureau in its quest for greater efficiency and effectiveness in its efforts to encourage voluntary compliance with the tax laws. As a solution to the problem, and to encourage the use of the bank debit system as a more efficient means of paying taxes, the Bureau opted to stop the use of checks. Taxes, then, could only be paid with cash or through debit advices directly to AABs where taxpayer maintain savings or current accounts. As a continuing effort to constantly increase the volume of revenue collections generated under the self-assessment system, the Bureau has, over the years, effected diverse changes in its collection system. More than nine decades of innovation and restructuring are reflected in the history of the Philippine tax collection system. Collection by enforcement is actually a fight or campaign against non-compliance. A survey of the collection methods used by fifteen tax authorities disclosed that with the exception of Vietnam, which has a tax assessment system for wage earners and uses the self-assessment system for businesses, all countries have adopted the self-assessment system of taxation.

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And last, but not the least, Part III shall focus on the Bureau’s Priority Actions for the next 6 months. Through our programs, we shall continuously seek greater strength in our operations. Through the counsel of our superiors in government, we shall endeavor to increase our collective wisdom in the pursuit of good governance. And through the support and assistance of our partners in the private and public sectors, we shall strive to look with faith into a future of greater accomplishments, for the Bureau, for the Government, forex scam and for the Filipino people. VAT revenues in the total amount of P 67.9 Billion were lower than the previous year’s collections of P 72 Billion or 5.7%, and were short of target by P 25.4 Billion or 27.2%. Cumulative collections from BIR operations from January to June amounted to P 318.2 Billion, representing an increase of P 18.4 Billion or 6.1% over last year’s revenues. Collections from non-BIR operations, on the other hand, totaled P 16.5 Billion, which is lower than last year by P 2.0 Billion or 10.8%.

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For instance, records show that in 1947, 117,883 taxpayers filed income tax returns. By 1959, however, following several relatively prosperous years after World War II, this number increased to 351,329, or a growth rate of 198%. While the non-self-assessment system offers a certain convenience to the taxpayer because the burden of computation is assumed by the Bureau, due to limited resources, it became hard-pressed to cope with the growing number of taxpayers. Accordingly, the self-assessment approach was adopted as a means of meeting the administrative requirements of an increasing taxpayer population, as well as to place additional responsibility on taxpayers to comply with tax laws. The Philippines, and other countries such as Italy, the Philippines, https://www.fxclearing.com/ and Thailand, by provision of their internal revenue laws, subjects certain income payments – such as interests on bank deposits and royalties – to final taxes. The withholding of this tax is referred to as “withholding of final tax at source”. The taxpayer-payee is not required to declare and submit a tax return on such income that is subjected to final withholding tax. The Land Registration Authority and Land Transportation Office are simultaneously undergoing comprehensive computerization development and acquisition programs. In a matter of time, these two offices will be able to better service the requirements of its publics when it can offer remote or electronic filing of registration documents and payment of fees and licenses.

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• He acknowledges a good number of them suspect it to be an online scam.
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• The second will contain the rules and procedures to be followed in registering a business with the Bureau.
• Examples of these include but are not limited to your financial history, proof of billing address, employment details, and other government-issued or privately issued IDs.
• Among others, these include such agencies as the Bureau of Customs, the treasurers of the local government offices, the Land Transportation Office, and the Land Registration Authority.

But the BIR is not at all unaware of the concept and challenges presented by the information technologies that underlie this new way of doing things. The relatively good collection performance of the BIR is the result of implementation of measures geared towards enhancing revenue generation and improving tax administration. In the past ten years, the Bureau has contributed, through its revenue collection efforts, at least one tenth of our entire Gross Domestic Product. I think I would not be remiss in saying that the Bureau’s performance is akin to that of an entire industry.

We have some information about owner of Fxclearing.com (FXCL) SCAM company and its may be resident of USA: Alex Teplitsky