Tag: personal income tax

Magandang epekto ng TRAIN law sa mga empleyado, mararamdaman na sa Enero 15 – BIR

(Eagle News) — Mararamdaman na sa Lunes, Enero 15, ang magandang epekto umano ng Tax Reform for Acceleration and Inclusion (TRAIN) sa mga empleyado ng gobyerno at ng mga pribadong kumpanya. Ito ang tiniyak ng Bureau of Internal Revenue (BIR) matapos ipag-utos sa ilalim ng TRAIN ang pagbaba ng  personal income tax ng mga ito. Ayon kay BIR assistant commissioner Marissa Cabreros, zero o wala nang tax na ikakaltas sa mga sumusuweldo ng Php 20,000 […]

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Diskusyon – Bill to Lower Personal, Corporate Income Tax Payments

In order to alleviate the crippling financial burden, some lawmakers are proposing to lower the personal and corporate income tax in the Philippines. Valenzuela Representative Magtanggol Gunigundo proposed in House Bill 4099 to lower the taxes being paid by employees of private and public companies. Also included are the taxes paid by corporations to 15%. Currently, the corporate income tax in the Philippines is 30%, while the personal income tax is at 32%. Senator Sonny […]

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