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Category Archives: BIR and TRAIN Tax Law

UPDATED: 8% BIR Tax Rule for Self-Employed and Professionals

The Philippine Bureau of Internal Revenue (BIR) has released this May 2018 a new Revenue Memorandum Order (RMO) covering the availment of the 8% income tax rate option for professionals and self-employed individuals. The BIR memo (RMO 23-2018) provides clear guidelines and instructions on how

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 the¬†Bureau of Internal Revenue (BIR) has finally released an official memorandum explaining the mechanics of the 8% tax rate availment

Donor’s Tax in the Philippines under TRAIN

Computing for Donor’s Tax is now simply 6% under TRAIN, but do you know everything there is to know when computing for this tax? The Bureau of Internal Revenue (BIR) has recently issued the implementing guidelines covering Donor’s Taxes in the Philippines, applicable starting 2018

New Estate Tax under TRAIN (with Sample BIR Computations)

Here’s everything you need to know about the new Estate Taxation in the Philippines under the approved TRAIN tax law. The Bureau of Internal Revenue (BIR) has released Revenue Regulations No. 12-2018, which contains the implementing guidelines related to the revised Estate Tax and Donor’s

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 here are the applicable BIR rules as regards your tax obligation under the approved TRAIN law. The relevant tax rules

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,

How to Use: BIR Withholding Tax Table under TRAIN (2018)

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 into law by Pres. Rodrigo Duterte. Here’s a copy of the entire BIR Revenue Regulation. You may also download below