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 regards your tax liability under the approved TRAIN law. The tax rules and sample computation …
BIR Computations: TRAIN Tax for Self-Employed and Professionals Read More »
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 Minimum Wage Earners From the Bureau of Internal Revenue’s (BIR) RR 8-2018: Minimum wage earners …
Sample Tax Computation: Minimum Wage Earners under TRAIN Read More »
Year after year, April 15 is a date millions of Filipinos dread. It is because this date is the annual deadline to file income tax returns. If you’re able to make your own Income Tax Return (ITR) because you fully …
How to Compute Income Taxes in the Philippines (using old BIR Tax Rates) Read More »