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
Online Sellers & YouTubers: Required to Pay Taxes to BIR?
Do you currently make money online? If you’re selling any product via online shopping websites such as Lazada, Shopee, or Amazon or earning money from … 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
What’s in the approved TRAIN Tax Reform Law of the Philippines?
What taxes are included in the new Philippine tax reform program, also known as TRAIN? We summarize below a list of revised and brand-new taxes … 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