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Daily Archives: March 5, 2018

New Tax Rates on Passive Income under TRAIN

The newly approved TRAIN tax reform law also adjusts the tax rates on certain passive income, in addition to revised personal income tax rates and new taxes on oil, sugary beverages, tobacco, mining, etc. Last February 2018, the Bureau of Internal Revenue (BIR) released Revenue

TRAIN Income Tax Sample Computations (from BIR RR 8-2018)

The Bureau of Internal Revenue (BIR) has released Revenue Regulation No. 8-2018 (RR 2018) which details the implementing guidelines governing the Income Tax provisions of the TRAIN tax reform bill recently signed into law by Pres. Rodrigo Duterte. Although RR 8-2018 was dated January 25, 2018,