Are you an employee? You may still be required to file your own income tax return (ITR).

Did you know that as an individual professional or broker your consultancy fees or commissions are subject to 5% or 10% withholding tax?

Main provisions of Senate CREATE Bill

Aside from the 13th month pay, Christmas bonus and hamon, some employees are waiting for their tax refunds before the year ends or early...

Did you know that casualty losses (on properties used in business) may be deducted as a valid expense from the gross income? To be...

It’s been two (2) years since the TRAIN Law was enacted but there are still taxpayers who get confused with the 8% Income Tax Rate. So,...

WHAT IS PROFESSIONAL TAX AND WHO MAY BE REQUIRED TO PAY? Every person legally authorized to practice his profession (those requiring...

Due to the on-going community quarantine, most businesses had to stop their operations thereby incurring losses. Some enterprises...

With just 95 days before Christmas, we're giving you a lighter Tax Break this Monday. Besides the 13th Month Pay and Christmas Bonus,...

Last Monday, we talked about the salient tax features of BAYANIHAN 2 which was also signed into law in the same week. This afternoon...

Incurring business losses this year? With BAYANIHAN 2 you can claim them as expense in the next 5 years. --- The Bayanihan to Heal as One...

How can I apply my business for income tax exemption? --- Last week, we mentioned that BMBE certification is a tax relief available to...

There are several tax breaks that small and medium enterprises (SMEs) can avail of. --- Due to travel restrictions, the volume of online...

We usually hear or see these different revenue issuances from the BIR, but, do you know their DIFFERENCE? Revenue Regulations (RRs) are...

Considering that the IATF already lifted the non-essential travel ban to Filipinos last July 7, 2020, we are sharing with you a trivia...

Did you know that the head of the Bureau of Internal Revenue (BIR) was first referred as "Collector"? In 1904, the BIR was formally...

Philippine Offshore Gaming Operations (POGOs) Facts * Required to secure franchise/license to operate from PAGCOR * Filipino citizens and...