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TAX NOTES Revised withholding tax table on compensation
IN line with Republic Act (RA) No. 10963, also known as the “Tax Reform for Acceleration and Inclusion (TRAIN)”, the Bureau of Internal Revenue (BIR) has
Tax Keeping track: Tax changes for mobile employees
Across a number of countries, the way internationally mobile employees are taxed is being shaken-up. This follows the G20/OECD-led Base Erosion and Profit
Let's Talk Tax Tick, tock, click, file, pay
The Electronic Filing and Payment System (eFPS) was developed to provide taxpayers with “top quality and convenient service through a much faster processing
Let's Talk Tax Revisiting withholding tax rules on professional fees
Two trillion pesos. This is the revenue collection target of the Bureau of Internal Revenue (BIR) for 2016 and much of this represents income tax collected via
Let's Talk Tax Documenting offsetting arrangements in a tax credit or refund
We often hear the phrase: “Taxes are the lifeblood of the Government,” as the main reason why collecting them is essential. However, there are instances when
Let's Talk Tax Are waivers sole responsibility of taxpayers?
In every relationship, the parties involved need to agree to achieve a harmonious relationship. The Bureau of Internal Revenue (BIR) and the taxpayer are no
Let's Talk Tax Favorable developments in deficiency and delinquency interest
Taxpayers may have finally been given two rays of hope by the Court of Tax Appeals when it comes to the applicability of deficiency and delinquency interest in
Let's Talk Tax BIR Form No. 1606: Establishing the fact of withholding in CWT refund
The countdown has started and taxpayers have barely 4 days before the last day for filing the final adjustment return otherwise known as the Annual Income Tax
Let's Talk Tax Are you ready for the April 15 electronic ITR filing?
As the April 15 deadline for the filing of annual income tax return (ITR) is drawing near, taxpayers shall once again start flocking towards various revenue
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