How to Franchise: Tapa King
A provider of classic home-style food amidst an era of fancy restaurants, Tapa King stands the test of time with its quality and simplicity. With … Read More
What’s in the approved TRAIN Tax Reform Law of the Philippines?
What taxes are included in the new Philippine tax reform program, also known as TRAIN? We summarize below a list of revised and brand-new taxes … Read More
Are you RICH? Use this Math formula to find out
A best-selling personal finance book proposes a mathematical formula to determine if you can be considered rich or not. Here’s the wealth scoring formula from the book … Read More
How to Compute: 8% BIR Income Tax Rate for Self-Employed and Professionals
The Philippine Bureau of Internal Revenue (BIR) released last May 2018 a new Revenue Memorandum Order (RMO) covering the availment of the 8% income tax … Read More
How to Avail of 8% Tax Rate (for Self-Employed & Professionals)
Wondering if you’re eligible to avail of the 8% income tax rate for self-employed and professionals under the TRAIN tax law? Wonder no more since … Read More
Mixed Income Earners – Sample Tax Computations under TRAIN
Are you a mixed income earner? Do you receive income simultaneously from compensation or from self-employment or business or practice of profession? If yes, then … Read More
New BIR Withholding Tax Rules for Professionals and Self-Employed
How much is the new withholding tax rate on incomes of self-employed and professionals and how to compute the income tax that they are supposed … Read More
How to Use: BIR Withholding Tax Table under TRAIN
The Bureau of Internal Revenue (BIR) has released the implementing guidelines related to Withholding Taxes on Compensation Income, as mandated in the TRAIN bill signed … Read More