January 25, 2018

TAX RULES ON EMPLOYEE COMPENSATION AND BENEFITS UNDER THE TAX REFORM FOR ACCELERATION AND INCLUSION (TRAIN)

Tax rules on employee compensation and benefits change dramatically with the TRAIN law. On December 19, 2017 Congress enacted R.A. 10963, otherwise known as the Tax […]
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

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 […]
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

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 […]
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