Question: Admin pahelp naman po, kasi nagtanong po kami sa BIR dito sa province, ang sabi po non taxable ang hazard pay. Pero under RR 11-2018, taxable po ang hazard. Nagkakagulo na po ang budget, HR at accounting namin kasi …

When does hazard pay become non-taxable? Read more »

Question: Hi Gabotaf, Good Evening.. ask ko lang if, combined b ng De Minimis na 10k ceiling ang PEI and SRI?? 5k”pei” + 10k”SRI” = 15k – 10k”deminimis” = 5k add to taxable bonuses less 90k na ceiling?? Tama po …

Is Service Recognition Incentive (SRI) taxable? If yes, up to what amount? Read more »

Computing your income tax is relatively easy for as long as you know what to compute.

Under the new law, the personal and additional tax exemption of P50,000 and P25,000 for each qualified dependent, respectively, have been removed.