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The Philippines => Philippine Business News => Topic started by: MIKELIGALIG.com on December 31, 2017, 05:52:16 PM

Title: BIR ISSUANCE OF CIRCULAR ON NEW WITHHOLDING TAX COMPUTATION 
Post by: MIKELIGALIG.com on December 31, 2017, 05:52:16 PM
THE HONORABLE HENRY C. ONG
2nd District of Leyte

Vice Chair, Committee on Banks & Financial Intermediaries

Member, Transportation, Visayas Development,

Economic Affairs, and 8 other committees

BUSINESSMAN-SOLON COMMENDS BIR FOR ISSUANCE OF CIRCULAR ON NEW WITHHOLDING TAX COMPUTATION 

The Bureau of Internal Revenue has formally circularized the new computation of the withholding tax to be deducted from salaries starting in January 2018 to comply with the new individual income tax provisions of the TRAIN Law. 

As you may recall, I requested the BIR to issue this guidance to the field and the general public so the additional personal disposable income effects of the TRAIN tax reform will be immediately felt starting the first payday of 2018. 

I commend the BIR for their efficiency and swift action. (END)
 
REFERENCES:

GMA NEWS https://goo.gl/yFc5sr
BOMBO RADYO https://goo.gl/G32AJL
MANILA BULLETIN https://goo.gl/mMC697
https://www.bir.gov.ph/images/bir_files/internal_communications_2/RMCs/rev%20WT.pdf
https://www.bir.gov.ph/images/bir_files/internal_communications_2/RMCs/2017/RMC%20No%20105-2017.pdf   

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