the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular 105-2017 or the revised withholding tax table on compensation. "Thus, beginning January 1, 2018, every employer making ...

The Internal Revenue Service (IRS) have modified the income tax withholding tables for 2023, as it also did in previous years. Meanwhile, employers can still use the optional computational bridge ...

The BIR prescribes the periodic withholding of regular income tax by means of Withholding Tax Tables, with progressive tax rates (five to 32 percent) based on income bracket. The Revised ...

after the Bureau of Internal Revenue (BIR) issued a memorandum on the revised withholding tax table. Under the revised withholding tax table issued by the bureau, employees who are earning P685 ...

Four withholding tax tables are prescribed in the regulations ... Employers need to transmit both original and duplicate copies to BIR revenue district offices before October 31. As this developed, ...

The Bureau of Internal Revenue (BIR) on Tuesday announced that its plan to subject merchants or sellers in online platforms under the withholding tax system took effect on July 15, 2024.

Taxumo Inc. CEO EJ Arboleda said the collection of the withholding tax on online marketplace transactions creates a “transparent framework” that allows the Bureau of Internal Revenue (BIR ...

MANILA, Philippines — Online merchants are now subjected to a one percent withholding tax based on the Bureau of Internal Revenue’s (BIR) latest regulation. BIR Revenue Regulation No. 16-2023 ...

MANILA, Philippines — The Bureau of Internal Revenue (BIR) on Tuesday said electronic marketplace operators such as Shopee and Lazada have started collecting the withholding tax on sellers or ...

In December last year, the BIR issued Revenue Regulation 16-2023 requiring online merchants with earnings of more than P500,000 annually to be subjected to a 1-percent withholding tax. The tax ...