Whether you’re a self-employed individual or a professional, it is a legal duty for every citizen in the Philippines to file an income tax return annually. This is because, according to the law, incomes, regardless of their sources, have corresponding income tax rates. … [Read more...]
7 Things Workers Should Know about the New TRAIN Law
The Philippines’ recent tax reform policies have caused massive waves of changes to the entire country. While the newly implemented taxation system delivered additional tax duties to products and other types of services, it also offered a tax relief for the majority of employees … [Read more...]
TRAIN: What You Need to Know about the Tax Policies for Estate Tax and Real Estate Property
The early part of 2018 marked a monumental event in the Philippine taxation system’s history after the president approved and implemented the first of the many packages that are set to promote socioeconomic transformation in the country: the Tax Reform for Acceleration and … [Read more...]
TRAIN: What are Included in The Philippine Tax Reform That Will Be Implemented in 2018?
One of the most important sources of a nation’s revenue comes from taxes - and achieving a highly strategic taxation system can make a huge difference especially for developing countries and emerging economies like the Philippines. It was only recently when President Rodrigo … [Read more...]
How to Deal with the Burdensome Tax Regulations in the Philippines
Tax or tax payment is a burden. Complying with several steps, processes and regulations before you can pay your taxes due is another and even a bigger burden. If you're a full-time or a pure employee, you only need to worry about the tax money which is automatically deducted in … [Read more...]