Pursuant to the enactment of Republic Act 12066, otherwise known as the Create More (Maximize Opportunities for ...

Learn how foreigners can file personal income tax in the Philippines, understand tax residency, rates, deductions, and filing ...

The Bureau of Internal Revenue (BIR) is calling on taxpayers to file their 2024 Annual Income Tax Return (AITR) and settle their tax dues before April 15, 2025, to avoid penalties.

The Bureau of Internal Revenue (BIR) has issued Revenue Regulation (RR) 5-2025 on Feb. 27, 2025, which amends RR 2-98 by ...

This was the reason the BIR sought a more balanced tax rate for these products. From January to November 2024, the government collected P128.98 billion in taxes from tobacco and P1.35 billion from ...

THE Philippines has now gained a competitive edge in attracting more investments with the signing of Republic Act 12066 or the Corporate Recovery and Tax Incentives for Enterprise ...

Learn the step-by-step process for filing corporate income tax in the Philippines and ensure compliance for your foreign ...

Investopedia / Candra Huff A marginal tax rate is the percentage of tax applied to each additional dollar of income within a specific bracket, rather than being applied to the whole income.

POLICYMAKERS should consider simplifying the income tax regime via a flat, with top earners currently a disproportionate burden, possibly jeopardizing fiscal stability, according to a House of ...