Income Tax

May, 2020

  • 20 May

    How to Apply Online TIN number

    How to apply online tin number

    Due to the HOME QUARANTINE, the application of TIN online would be tough. Because of this delimna, the government issued RMO 20-2015 to apply TIN Number online. READ more to know...

February, 2020

  • 24 February

    5 Countries with the Highest Income Tax Rates-Read before you Migrate

    Highest personal income tax around the world

    Do you live in a place where the personal income tax rate is high? Check these countries with highest personal income tax rates around the world.

  • 20 February

    4 Train Law Updates 2020: Everyone Must Know

    Four train law updates 2020. Updates on application on registrations, REIT act of 2009, New Central Bank Act (RA 7653) and etc you must know.

November, 2019

  • 11 November

    What is the Effect of Train Law on the Philippine Tax?

    effect of train law on philippine tax

    This article will summarize the effect of train law on our Philippine Taxes. Train law has a great impact on personal income tax, value-added tax, donor's tax, documentary stamp tax (DST) and, on excise taxes. It gives a detailed discussion on the mentioned taxes.

October, 2018

  • 19 October

    Tax Updates of Notice to Taxpayers 2018

    Notice to Taxpayers

    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.

September, 2018

  • 18 September

    How to Compute Delinquent Interest on Tax Due 2019?

    delinquent Interest Rate

    Reduction of delinquent interest rate from 20% to 12% effective this year 2018. Learn how to compute delinquent during the transition year.

August, 2018

  • 27 August

    How to Start Sari sari Store in the Philippines?

    Sari sari store is a small business in the Philippines. This business is engaged in selling basic commodities and less capitas compared to other type of business. Are you looking for tips in starting your sari sari store Philippines? Here are top ten (10) tips that you should know about sari sari store. This article includes also the discussion why sari sari sari is exempted from taxes under train law 2018. Do you want to know the reasons? READ MORE..

  • 10 August

    5 Ways to Use Tax Calculator for Income Tax

    tax calculator

    How to use tax calculator to compute your income tax? Here are the 5 easy ways to use tax calculator under train law.

  • 7 August

    Practice of Profession Tax Train Law

    profession tax

    New professional tax under train law of 8% for more than 250,000 income but not exceeding 3,000,000 unless a 3% percentage tax rate.

  • 4 August

    De minimis BenefitsTrain Law 2019

    Under the new tax reform there are new de minimis thresholds and new ruling for the computation of income tax. There are list of benefits that remains the same as before and some were changed. There is also an illustrative and computation on how to compute income tax under this new de minimis thresholds.

  • 1 August

    Personal Income Tax Train Law

    personal income tax train law

    These are the things you should know before filing your income tax this year under TRAIN law 2018. If you are a student who is studying taxation, these things will help you to understand the new income tax in the Philippines under the RA 10963 otherwise Known as the Tax Reform for Acceleration and Inclusion (TRAIN) Act. Learn 6 things about the new income tax ratw 2018.

July, 2018

  • 23 July

    Approved Train Law of the New Philippine Tax Reform 2020

    train law on new tax reform

    Here are the lists of 13 approved tax reform in 2018 under the RA 10963 signed by the President of the Republic of the Philippines and implemented on the 1st day of January 2018. This update includes the new income tax rates, documentary stamp tax, donor's tax rate, estate tax, excise taxes, fringe and de minimis benefits and other approved train tax law reform.