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.

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Withholding Tax Train Law

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.

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How to Get TIN Number

Every Filipino in the Philippines is required to get TIN number. Do you want to know how to get the tin number? Here are the things you should know about how to get a tin number in your local BIR office. Learn these five (5) simple and easy steps in getting your TIN in the Philippines as fast as you can. Let’s talk first about “what is Taxpayer Identification Number (TIN)? And why do you need it? Let’s start with the meaning of TIN.

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