Mon. Aug 19th, 2019

5 Tax Updates for 2019 in the Philippines

Are you looking for 2019 tax updates in the Philippines? Well, this article summarizes the tax updates for this year 2019. What are these updates that you should know? These updates include first, new tax rates for life insurance and insurance in a foreign insurance company. Second, the creditable withholding tax for top withholding agents for their purchases of goods and services on their suppliers. It also defines who are the top withholding agent.

Tax Updates of Notice to Taxpayers 2018

June 29, 2018, new amendment was issued by the Bureau of Internal Revenue (BIR) for further amendments of section 10 of RR No. 10-2010 under the “Notice to Taxpayers”. The government has the legal right to provide tax information upon request of the foreign tax authority.

2018 Updates of Withholding tax in the Philippines

Here are the updates of withholding tax in the Philippines under the new tax reform- TRAIN law 2018. It includes the updated withholding tax rates. The definition of the withholding tax is also well define. What are the income subject to withholding tax for a citizen, resident alien in the Philippines?. There are other income received by the resident citizen subject to withholding tax rate.

VAT 2018 under Train Tax Law Updates

On March 15, 2018, Bureau of Internal Revenue in the Philippines issued the RR NO. 13, 2018. This regulation issued is to implement the Value Added Tax provisions under the Tax Reform for Acceleration and Inclusion (TRAIN). What are the updates about VAT under train tax law 2018? Let’s discuss it.

9 Things to Know During Tax Mapping

You might be wondering why many business establishments were forced to close their business or you might hear from you fried that he paid tax penalties during tax mapping. For sure, you don’t want those things to happen to you? Isn’t it? If yes, you will learn this very important 9 facts to avoid tax penalties or closure of your business during tax mapping.