Month: May 2017

How to use the DOF Tax Calculator (A step-by-step guide)

The Department of Finance (DOF) finally released a Tax Calculator to simplify how our income taxes will be affected once the proposed Tax Reforms of 2017 are approved.

Now, we can have our idea whether we would really benefit from the DOF’s Tax Reform Acceleration and Inclusion or TRAIN program.

If you want an easy step-by-step guide on how to use the DOF’s Tax Calculator, continue reading.

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Details of Tax Reform Bill of the Duterte Administration (House Version)

The country’s proposed tax reform package, initiated by the Department of Finance (DOF) under the administration of Pres. Rodrigo Duterte, is getting close to becoming a law.

The House of Representatives passed the bill on third and final reading in May 2017 with 246 “Yes” votes, nine “No” votes, and one abstention.

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