The Philippines’ new tax reform bill, known as TRAIN or Tax Reform for Acceleration and Inclusion, was signed into law on December 19, 2017 and its implementation began on January 1, 2018. What are the new income tax rates under the …
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 to pay? We explain the answers in this easy-to-read guide below. Under the TRAIN law …
New BIR Withholding Tax Rules for Professionals and Self-Employed Read More »
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. …
How to Use: BIR Withholding Tax Table under TRAIN Read More »
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 2018, as mandated in the TRAIN bill signed into law by Pres. Rodrigo Duterte. Here’s …
New Excise Taxes on Cars: BIR Revenue Regulation RR 5-2018 Read More »
Here’s a copy of the Revenue Regulation released by the Bureau of Internal Revenue (BIR) this February 2018 dealing with updated tax rates on petroleum products, as mandated in the approved TRAIN Law. You may view below the full content …
Tax on Petroleum Products: BIR Revenue Regulation RR 2-2018 Read More »
What are the applicable tax rules for mixed income earners under the approved Tax Reform for Acceleration and Inclusion or TRAIN? You can find the answer below. (UPDATE): The BIR’s Revenue Regulations RR 8-2018 contains the implementing guidelines on how to …
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 …
BIR RR 8-2018: Sample TRAIN Income Tax Computations Read More »
BIR Revenue Regulations No. 3-2018 Issued on: January 5, 2018 Providing for the Revised Tax Rates on Tobacco Products Pursuant to the Provisions of Republic Act No. 10963, otherwise known as “Tax Reform for Acceleration and Inclusion (TRAIN) Law,” Amending …
PDF Download: BIR Revenue Regulation RR 3-2018 (Tax on Tobacco Products) Read More »