Category 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.

Income Tax

De minimis Benefits:Comprehensive Guide

Treatment of De minimis Benefits Philippines

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.

Income Tax

Withholding Tax and Tax Rates under Train Law

photos shows calculator to compute 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.

Rosben Orbeso Murillo, CPA
September 24, 2020

Income Tax

Income Tax Train Law and New Tax Rates 2021

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.

Rosben Orbeso Murillo, CPA
May 1, 2020