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
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
BIR Computations: TRAIN Tax for Self-Employed and Professionals
If you are a professional or self-employed individual receiving income purely from self-employment or your practice of profession, here are the updated BIR rules as … Read More
Sample Tax Computation: Minimum Wage Earners under TRAIN
Here is a sample computation showing the applicable tax rules for Minimum Wage Earners (MWE), as reiterated in BIR Revenue Regulations 8-2018. Tax Rules for … Read More
BIR RR 8-2018: Sample TRAIN Income Tax Computations
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 … Read More