How to Use: BIR Withholding Tax Table under TRAIN
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 … 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
New Estate Tax under TRAIN (Sample BIR Computations)
Here’s everything you need to know about the new Estate Taxes under the approved Philippine TRAIN tax reform law. The Bureau of Internal Revenue (BIR) has … Read More
Donor’s Tax in the Philippines under TRAIN
Computing for Donor’s Tax is now simply 6% under TRAIN, but do you know everything there is to know when computing for this tax? The … Read More
Here’s your new Take-Home Pay under TRAIN Tax Reform
Do you want to know how much your new take-home pay is under the approved TRAIN tax reform law of the Philippines? We provide below … Read More
TRAIN Tax Rates on Passive Income in the Philippines
The newly approved TRAIN tax reform law also adjusted the tax rates on certain passive income, in addition to revised personal income tax rates and … Read More
Sample Tax Computation: Minimum Wage Earners under TRAIN
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 … Read More
VAT exemptions under Philippine TRAIN Tax Law
What are VATable and VAT-exempt items under the recently approved Tax Reform for Acceleration and Inclusion or TRAIN Law implemented starting 2018? To recap, the TRAIN tax … Read More