Loading...

Death by Taxes

In the Philippines if you are a hard working employee receiving at least P30,000 monthly salary, your income will be subject to 30% personal income tax same as the corporate income tax. And if you work harder to earn more than P500,000 a year, you will pay the highest income tax rate at 32% while […]

Read more

Lift bank secrecy now or never!

As long as it will apply first to all our honorable congressmen and senators, I think we should pass it first before any reform in government takes effect to stop corruption, tax evasion or even smuggling. This, together with the Freedom of Information Act will greatly uplift morale and public trust, and promote honesty and […]

Read more

#AskTheTaxWhiz: How can we collect the right taxes?

The Philippine Tax Whiz discusses the key areas for reform to help the government collect the right taxes. How come the billionaires in our country are not among the top individual taxpayers? Are we not supposed to collect more taxes from the rich? I read in one of your Instagram posts that the business owners pay only […]

Read more

TAX FORUM: A DIALOGUE ON THE PROPOSED COMPREHENSIVE TAX REFORM

What happened to the proposed comprehensive tax reform package? When do we expect the tax relief promised by the President? Why did it take more than 100 days? Can we really stop corruption in BIR? How can we collect right taxes to fund government programs and services? So many questions and issues on tax reform. […]

Read more