The Internal Revenue Service (IRS) has updated the income-tax withholding tables for 2018 to reflect changes made by the new tax law. The updated tables reflect the new rates for employers to use ...

Under TRAIN Law, self-employed and professionals were allowed to avail themselves of the optional 8 percent tax in lieu of the graduated personal income tax and percentage tax.

After the TRAIN Law took effect on Jan. 1, tax authorities were quick to issue multiple implementing rules and regulations and circulars. They also issued revised quarterly ITR forms for individuals, ...

Republic Act No. 10963 or TRAIN took effect in 2018, cutting personal income tax while increasing the rates on some goods and services. Under the law, the BIR can only implement the 12% VAT on ...