UPDATED: Income Tax Tables in the Philippines and TRAIN Sample Computations
What are the new income tax rates under the TRAIN or Tax Reform for Acceleration and Inclusion law? How will TRAIN affect the preparation of Income … Read More
10 TRAIN Tax Reform Items that You Probably Didn’t Know
Did you know that there are other provisions in the approved TRAIN tax reform aside from the reduced personal income tax rates, new sugar tax, … 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
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
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