individuals whose income is subjected to final withholding tax and minimum wage earners. The BIR estimates total collections to reach around P431.95 billion this month. Of the amount, nearly half ...

This update surveys recent federal tax developments involving individuals, including court cases, rulings, and guidance issued during the six months ending October 2024.

The government has officially abolished the 10% withholding tax on lottery winnings. This move applies to all forms of games of chance, including gaming, betting, lotto, and similar activities.

CALAMBA CITY, Laguna (PIA) — A friendly yet systematic approach to encourage more taxpayers to fulfill their tax obligations is being implemented by the Bureau of Internal Revenue (BIR) to help ...

In support of this transition, the bureau has launched various digital initiatives such as the revamped BIR website and the REVI chatbot, which allows users to send tax-related questions and receive ...

MANILA, Philippines — The Bureau of Internal Revenue (BIR) is banking on the imposition of vape stamps to contribute to the further reduction of the excise tax gap this year. BIR commissioner ...

The case began when, for the financial year of 2018-2019, the tax office assessed PepsiCo and Stokley-Van Camp as non-residents liable for the royalty withholding tax. Schweppes Australia first ...

The government also sought to remove the 1.5% withholding tax on unprocessed ... businesses would have to make changes to their tax table/formula to account for this minimum wage that has been ...

In many cases, the CRA will apply withholding taxes to Canadian-sourced income. The applicable percentage depends on the tax treaty (or lack thereof) in the country where you reside.

(MENAFN- The Arabian Post) MANILA, PHILIPPINES – Media OutReach Newswire – 9 April 2025 – Philippine small and medium-sized businesses (SMEs), particularly those in the retail and food ...