Transportation in the Philippines it has the largest number of international flights to the Philippines as well as domestic flights. The Philippine Airlines links Manila to 48 cities in 4 continents, and flies regularly to 41 domestic destinations outside Manila. Philippine Airlines also serves twenty destinations in the Philippines and 32 destinations which are all located in Southeast Asia, South Asia, East Asia, Oceania and North America. Cebu Pacific is the low fare leader in the country, and is the country's leading domestic airline. It links Manila to 21 different domestic destinations in Philippines and to 39 international destinations with its direct flights. After
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