In the Philippines, regular holidays are mandated by law. There are two types of regular holidays: those that are fixed, and those that move around based on the lunar calendar. There are also special non-working days, which are declared by the president.
Read moreCategory: Income Tax
In this category you will learn about income tax Philippines. You will learn on how to apply as barangay micro business enterprise, how to process your business in the BIR and what documents that you need to process.
13th Month Pay Calculator Philippines
Did you know that in the Philippines, employers are required to give their employees a 13th month pay? The amount of this extra salary payment depends on a few factors, including the employee’s length of service and compensation. If you’re not sure how to calculate your 13th month pay, don’t worry – we’ve got a 13th month pay calculator for you. Read more!
Read moreWhat Is The Minimum Wage In The Philippines
What is the minimum wage in the Philippines? This is a question that many people are asking, as there have been talks about increasing it. Here, we will discuss what the current minimum wage is, and how it may be changing in the near future. Keep reading to learn more!
Read moreFiling Your Income Tax Returns Philippines- A Step by Step Guide
The time has come- tax season is upon us! If you’re a business owner in the Philippines, it’s important to understand the process of filing your income tax returns. This guide will walk you through everything you need to know, from what documents to prepare to how and when to submit your return. Let’s get started!
Read moreHow To Form One Person Corporation In Philippines
If you’re a business owner in the Philippines, you may wonder if it’s worth forming a one person corporation. This article will outline the process […]
Read more8% Income Tax Rate Option: How It Affects You
If you’re a business owner who provides professional services, you need to be aware of a new law that went into effect on January 1, 2019. The 8% Flat Rate On Practice Of Professions Law applies to all professionals who provide services for a fee. So what does this mean for you? Keep reading to find out.
Read morePractice of Profession Tax Train Law
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. Find out which one is better!
Read more3 Reasons Why Income Tax Is Not Always A Bad Thing
Income tax exists for a reason and provides various benefits to both the government and the citizens who pay it. This may seem unclear at first, which is where this article comes in.
Read moreHow To Register in BIR as a Freelancer Guide 2021
The fact is, even before the 2018 Tax Reform for Acceleration and Inclusion Law (TRAIN), everyone (including freelancers) was supposed to pay taxes. Whether online or offline, work as a freelancer, the BIR categorizes you as professional and self-employed. Find out how to register in the BIR as a freelancer 2021.
Read moreCREATE LAW 2021 on Corporate Income Tax
To find out updates on corporate income tax under the CREATE Law 2021. In this article, you will see also samples of how to use the new corporate income tax rate 2021.
Read moreDe minimis Benefits:Comprehensive Guide
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.
Read moreWithholding Tax and Tax Rates under 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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