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Catch The TRAIN on February 21!

Ever noticed how much bigger your take-home pay has been for the month of January? Are rumors true about the lower and simplified tax system for self-employed and professionals (SEPs)? No more monthly percentage tax? All these are part of the recently passed Tax Reform for Acceleration and Inclusion (TRAIN) Law. Be in the know […]

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Higher Pay for Tax Collectors

With the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) law, a Certified Public Accountant (CPA) earning a net of P14,000 in the Bureau of Internal Revenue (BIR) will receive a little more this month, but with a higher revenue collection goal of P2.039 trillion for the year. After police officers received a […]

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General and Estate Tax Amnesty

Aside from the lowering of personal income tax and simplification of tax compliance for small businesses, the lowering of transfer taxes, i.e., donor’s and estate taxes, is another tax relief for ordinary Filipinos. Under the old estate tax system, the net estate of the deceased was subject to up to 20 percent estate tax with […]

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