IN accordance with Philippine Health Insurance Corp. (PhilHealth) Advisory No. 008, series of 2018, all land-based overseas Filipino workers (OFWs) should ensure that their PhilHealth payments are reported and posted through any accredited collecting agent.
Now that the tax filing deadline has passed, many taxpayers can breathe a sigh of relief.
Last year, I wrote about how we all should mind our growth. I pointed out that we are oftentimes not mindful of our personal growth; that we take it for granted, even believing that personal growth will naturally occur as we live our lives.
The much-awaited promise to the Filipino taxpayers and one of the government’s crown jewels, the Tax Reform for Acceleration and Inclusion (TRAIN), took effect on Jan. 1.
It was great having a long weekend without any plans. My only goal over that period was to spend quality time with my loved ones.
My employed friend recently requested me to compute her annual income tax due for the prior year 2017. Her gross compensation from her lone employer was less than P250,000. I arrived at her annual income tax due after deducting the taxes withheld by her employer. I told her then that, if she receives the same amount of compensation this year, there will be no more withholding tax and annual income tax due. To my surprise, her employer continuously withheld tax on her January and February 2018 salary, even if she has been receiving the same monthly salary since last year. This was despite the passage and effectivity of the TRAIN Law effective Jan. 1, 2018 and notwithstanding the other pertinent issuances by the Bureau of Internal Revenue (BIR) early this year. Her employer explained that their reason for the continuous withholding was that they were still waiting for the BIR’s specific guidelines on implementing the new compensation tax rule in the TRAIN law.
ON Jan. 31, the Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) No. 11-2018 to implement the amendments introduced by the Tax Reform for Acceleration and Inclusion Act (Train) Law (Republic Act No. 10963) relative to the withholding of income tax.
I lived alone in the UK a little over a decade ago. One Friday the 13th, I craved and cooked nilagang baka in my Ascot flat.
