The effect of lower personal income tax rates in light of the recently-approved Tax Reform for Acceleration and Inclusion (TRAIN) law may already be felt in the first payday of 2018. To ensure a ...

Last December 28, the BIR issued Revenue Memorandum Circular No. 105-2017, which revised the withholding tax table on compensation in the Tax Code to reflect the changes under the TRAIN law.

The Bureau of Internal Revenue (BIR) is encouraging taxpayers to file their income tax returns before the April 17 deadline. — PHILIPPINE STAR/EDD GUMBAN. THE Bureau of Internal Revenue (BIR) said it ...

THE BUREAU of Internal Revenue (BIR) is confident it will reach its P1.1-trillion collection target from the filing of annual income tax returns (AITRs). “We’re optimistic that we will reach that ...

For this year, the BIR is expecting to collect P845.9 billion from individual income tax filers, accounting for 26 percent of its total projected revenues of P3.2 trillion, budget documents showed.