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Republic Act 9505 has yet to be implemented despite being signed three years ago. The tax rules were the last thing needed to put the law into effect; its implementing rules and regulations were issued in 2009 by the Securities and Exchange
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The BIR posted the draft on its web site last month to solicit feedback before the Department of Finance (DoF) gives its final approval. Republic Act 9505, which was signed in 2008 to encourage people to save up for retirement. Implementing rules and
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Bureau of Internal Revenue (BIR), which is seeking final private sector feedback before implementation...We have also had a lot of meetings already with other private sector representatives to incorporate their comments into the tax rules. We don't
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