The tax filing and payment deadline for 2019 annual income tax returns was extended to 14 June 2020 (initially extended to 15 May 2020) without imposition of penalties to taxpayers.

For mixed income earners, the P250,000 is already taken into account when calculating the tax due on compensation, so there’s no longer P250,000 deducted from the business or profession income.

The Tax Management Association of the Philippines (TMAP) has proposed to Congress a revised income tax table for individual taxpayers which will exempt those earning less than P300,000 from income ...

Nonresidents (i.e., those whose stay in the country does not exceed 180 days) are liable to tax on their Philippine-sourced income. Married couples are required to compute their individual income tax ...