Tax Law Archives - EBV Law Office

March 2, 2018

Published by Atty Elvin B. Villanueva at March 2, 2018

WITHHOLDING TAX COMPUTATION UNDER TRAIN LAW USING VERSION 2 TABLE

Withholding tax is not a tax. It is a method of collection of tax that’s supposed to be paid to the government. Under the TRAIN law […]

March 3, 2018

Published by Atty Elvin B. Villanueva at March 3, 2018

MINIMUM WAGE EARNER UNDER THE TRAIN LAW

Minimum wage earner (MWE) refers to a worker in the private sector paid the statutory minimum wage or to an employee in the public sector with […]

April 25, 2018

Published by Atty Elvin B. Villanueva at April 25, 2018

SERVICE INCENTIVE LEAVE COMPUTATION FOR RESIGNED EMPLOYEE AND TAX ISSUES

Service incentive leave (SIL) benefit grants five (5) days of absence with pay to qualified employees. The basis of SIL is Article 95 of the Labor […]

October 5, 2018

Published by Atty Elvin B. Villanueva at October 5, 2018

INTEREST RATE FOR UNPAID TAX SHALL BE DOUBLE THE EFFECTIVE LEGAL RATE AS SET BY THE BANGKO SENTRAL NG PILIPINAS

Interest rate double the effective legal interest rate for loans or forbearance of any money shall be assessed and collected on any unpaid amount of tax […]

October 22, 2018

Published by Atty Elvin B. Villanueva at October 22, 2018

TAXABILITY OF EMPLOYEE’S HEALTH CARD UNDER RMC 50-2018

Per RMC 50-2018, the premium on Health Card paid by the employer for all employees, whether rank-and-file or managerial/supervisory, under a group insurance shall be included […]

November 17, 2018

Published by Atty Elvin B. Villanueva at November 17, 2018

TAX RATES OPTIONS FOR PROFESSIONALS, SELF-EMPLOYED AND MIXED-INCOME EARNERS UNDER THE TRAIN LAW

Tax rates available for individuals earning from self-employment/business and/or practice of profession under the TRAIN Law are those in graduated rates and 8%. The BIR issued […]

December 6, 2018

Published by Atty Elvin B. Villanueva at December 6, 2018

HEALTH CARD PREMIUMS ARE NON-TAXABLE

Health card premiums tax has been the major concern of employers with the issuance of RMC 50-2018. Based on said RMC, the health card premiums paid […]

February 25, 2019

Published by Atty Elvin B. Villanueva at February 25, 2019

SEPARATION PAY GIVEN FOR TERMINATION BEYOND THE CONTROL OF EMPLOYEE IS NOT-TAXABLE

Separation pay is mandated to be given to employee who is terminated due to redundancy as set forth under Article 298 of the Labor Code, as […]

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