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Category Archives: Tax and Taxation Law

Do I need to pay Tax on Cash Dividends in the Philippines?

Are we required to pay tax on the cash dividend income received from our stock investments? About this post: tax on dividends philippines, dividend, dividends, how much tax in cash dividend in pse, dividend tax philippines

Taxes and Fees when Buying Property in the Philippines

When buying and selling real estate properties in the Philippines, the final purchase price is not and should not only be the relevant amount. Other taxes and fees charged on the transaction must be considered by both the buyer and seller because these costs affect

Are OFWs required to pay Income Tax in the Philippines?

Filipinos working abroad, also known as Overseas Filipino Workers (OFW), do not lose their basic rights as citizens of the Philippines despite working and being physically present in another country. About this post: rules and obligation in tax, ofw tax, is ofw remittances subject to

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,

10 Countries with No Income Tax

They say that the two things certain in life are death and taxes, but there are several countries in the world where you won’t have to worry about personal income taxes. The list below identifies a few countries that do not impose income taxes among its

Top 10 Philippine Cities: Per Capita Income, Tax Revenues

The cities of Makati, Tagaytay, and Pasig are the top three cities in the Philippines in terms of per capita income in 2009, while the cities of Bayawan (Negros Oriental), San Fernando (Pampanga), and San Jose Del Monte (Bulacan) are the bottom-dwellers. This is according to

OFWs exempted from paying Travel Tax, Doc Stamps, Airport Fee

Good news to all Overseas Filipino Workers (OFWs)! All OFWs are now exempted from paying documentary stamp taxes (DST) on remittances, travel tax, and airport fee as the new Migrant Workers Act or Republic Act 10022, recently lapsed into law without President Gloria Macapagal-Arroyo’s signature. About