For proper guidance, here is the revised tax table for 2023, to compute the annual tax due from preceding illustrations: Illustration 3. For Illustration 1, the computed taxable income is P280,000 ...

Under the newly filed bill called “Granting Increase in Take-Home Pay for All Working Filipinos Act (GINHAWA)" by Senator Win ...

Proposals to impose a luxury or wealth tax are off the table, according to Finance Secretary Benjamin Diokno, who says it will not effectively raise the country’s tax collection.

Philippine President Ferdinand Marcos Jr. on Monday signed a law that lowers corporate income taxes and boosts incentives for businesses, in a bid to spur more investment into one of Asia’s ...

The Philippines expects to lose 5.9 billion pesos ($100.89 million) in tax revenue from the new law from 2025 to 2028, according to a document prepared by the president's communications office ...