The Philippine Tax Whiz answers questions about withholding tax following the implementation of the tax reform law
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Come Monday, January 1, employees earning P685 per day or P20,833 per month will be exempt from withholding tax
The Tax Whiz tackles everything entrepreneurs need to know about taxes including whether taxes are due even if a company is unprofitable local business taxes and important deadlines
A graphic designer s employer doesn’t withhold his taxes He wonders if that makes him liable for tax evasion
And are all 13th month pay and bonuses exempted from income tax starting this year?
How do I change or update my registration?
Do I have any liability if they did not remit?
UPDATED Here s a step by step guide for computing the income tax you pay For hassle free computation use our tax calculator