Environmental issues in the Philippines Environmental issues in the Philippines The Philippines' evident risk to natural disasters is due to its location. Being a country that lies in the Pacific Ring of Fire, it is prone to earthquake and volcanic eruptions. In addition, the country is surrounded by large bodies of water and faces the Pacific Ocean where 60% of the world's typhoons are made. One of the most devastating typhoons that hit the Philippines in 2013 was Typhoon Haiyan, or "Yolanda", that killed over 10,000 people and destroyed over a trillion pesos worth of properties and damage to various sectors. Other environmental problems that
Taxation in the Philippines goods, services and transactions are exempted from the VAT: Percentage tax is a business tax imposed on persons or entities/transactions: Excise taxes apply to goods manufactured or produced in the Philippines for domestic sales or consumption or for any other disposition and to things imported. One of main sources of revenues of the local government units is the real property tax, which is a tax imposed on all types of real properties including lands, buildings, improvements, and machinery. Taxation in the Philippines The policy of ‘’’taxation in the Philippines’’’ is governed chiefly by the Constitution of the Philippines and three