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 rate option for professionals and self-employed individuals. The BIR memo (RMO 23-2018) provides clear guidelines …
How to Compute: 8% BIR Income Tax Rate for Self-Employed and Professionals Read More »
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 the Bureau of Internal Revenue (BIR) has finally released an official memorandum explaining the mechanics of …
How to Avail of 8% Tax Rate (for Self-Employed & Professionals) Read More »
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 here are the applicable BIR rules as regards your tax obligation under the approved TRAIN …
Mixed Income Earners – Sample Tax Computations under TRAIN Read More »
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 »