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
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
New Estate Tax under TRAIN (Sample BIR Computations)
Here’s everything you need to know about the new Estate Taxes under the approved Philippine TRAIN tax reform law. The Bureau of Internal Revenue (BIR) has … 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
New Excise Taxes on Cars: BIR Revenue Regulation RR 5-2018
The Bureau of Internal Revenue (BIR) has released the implementing guidelines related to the revised Excise Taxes to be charged on cars and automobiles starting … Read More