Captaincy General of the Philippines administrative units: Spanish rule in the Philippines ceased in 1898 after the war with the United States, which annexed most territories, although the administrative jurisdictions remained intact. Most of the remaining territories in the Pacific Ocean were sold to Germany during the German-Spanish Treaty of 1899. Captaincy General of the Philippines The Captaincy General of the Philippines ( ; ) was an administrative district of the Spanish Empire in Southeast Asia governed by a Governor-General. The Captaincy General encompassed the Spanish East Indies, which included among others the Philippine Islands and the Caroline Islands. It was founded in 1565 with
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