Withholding Tax

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.

July, 2019

  • 23 July

    Reduction of Life Insurance and other Tax Updates

    life insurance

    Latest tax updates on the reduction of life insurance, creditable withholding tax on top withholding agents, VAT Exempt for Sale of Drugs for Diabetes, High-Cholesterol, and Hypertension, Input Tax for VAT Exempt Drugs and rulings on estate tax filing.

September, 2018

  • 24 September

    Withholding Tax Train Law

    withholding tax

    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.

August, 2018

  • 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.

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.