Air transportation in the Philippines Air transportation in the Philippines Air transportation in the Philippines goes back to the early days of aviation prior to World War II, during the American colonial period of the Philippines. Currently, the Philippines has several registered airline companies, but they are mostly chartered. There are two main domestic airline groups doing business as Philippine Airlines and Cebu Pacific, with AirAsia Philippines competing on some international routes. The domestic market is dominated by the Cebu Pacific group which has a 61% market share, followed by the Philippine Airlines group which has 29%, followed by AirAsia, having a 9% share. Prior
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