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Category: Uncategorized

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 […]

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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 […]

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#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 […]

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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. […]

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Skill-Power Institute, Inc. Commencement Speech

Magandang hapon po sa inyong lahat lalo na sa pamunuan ng Skill-Power Institute, mga kapwa ko guro, at sa isa sa mga nirerespeto at hinahangaan kong guro sa San Beda College na naging daan para ako po ay makasama nyo ngayong hapon. Maraming salamat Prof. Cadz Malbarosa. I’m wondering what all of you are expecting […]

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Tax Komiks: VAT Ganun? “Bakit Ako May Tax?” #AskTheTaxWhiz

This is a question that most of our countrymen have in mind. The Tax Komiks is a guide that provides basic and necessary knowledge of the process of registration of businesses and its accompanying taxes. This is to empower business owners, especially MSMEs, and individuals alike to be compliant and responsible to further promote the […]

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#AskTheTaxWhiz: Where can I get information on taxes?

The Philippine Tax Whiz provides various sources of reliable and accessible tax information.   There are a lot of websites, blogs, and social media accounts talking about taxes. Can you recommend possible sources accessible online? We have been victimized by fake and old news shared via social media. I understand your dilemma as we have experienced the […]

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Public urged to push tax reforms

Time and again, the Bureau of Internal Revenue (BIR) has been tagged as one of the most corrupt institutions in the country. Despite BIR Commissioner Billy Dulay’s efforts to stop corruption, bribery seems to be a convenient choice for both taxpayers and examiners, especially with the high tax rates and low salary of our examiners. […]

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Tax Guide for Small Businesses

Through the efforts of the Center for Strategic Reforms of the Philippines and in partnership with BIR and DTI, the Tax Guide for Small Businesses presents a more detailed reference for startups and small businesses who may not have accountants to help them comply with BIR requirements especially in accomplishing tax returns. This will surely […]

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Filing of Income Tax Returns by Barangay Micro Business Enterprises (BMBE) Taxpayers

The Bureau of Internal Revenue (BIR) released a memorandum dated April 5, 2017 in line with the deadline of filing of annual income tax returns (ITR) on April 17. “It is hereby advised however, that tax returns to be filed by the taxpayers claiming to be covered by BMBE shall be accepted whether taxes are […]

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