Philippines a form of illegal gambling. Mahjong is played in some Philippine communities. Sabong or cockfighting is another popular entertainment especially among Filipino men, and existed prior to the arrival of the Spanish. Antonio Pigafetta, Magellan's chronicler, first documented this pastime in the kingdom of Taytay. The yo-yo, a popular toy in the Philippines, was introduced in its modern form by Pedro Flores with its name coming from the Ilocano language. Philippines The Philippines ( ; or ' ), officially the Republic of the Philippines (), is an archipelagic country in Southeast Asia. Situated in the western Pacific Ocean, it consists
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