(Eagle News)–The Bureau of Internal Revenue on Friday, December 23, said individual taxpayers will be charged lower income taxes starting next year. According to the BIR, because of the lower income tax rate pursuant to Republic Act 10963, or the Tax Reform for Acceleration and Inclusion (TRAIN) Law, individuals earning purely compensation income, including non-business/non-profession related income and sole proprietors, “can look forward to a higher take-home pay in 2023.” It said starting January 1, […]





