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
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
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
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
GUIDE: How to read SSS Member Contribution Table
A new Social Security System (SSS) Monthly Contribution Table was adopted effective January 1, 2014 after the pension fund increased the monthly contribution it requires from members. Back … Read More
BIR Tax Rules for Mixed Income Earners (2018)
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 … Read More