Look: BIR releases revised withholding tax table

The Bureau of Internal Revenue has issued a revised table on compensation for withholding tax, in relation to the government’s tax reform law.

Under the Tax Reform for Acceleration and Inclusion or TRAIN Law, those who are earning lower than P20,833 per month or P200,000 a year are exempted from paying income tax.

The tax exemption cap on 13th month pay was also raised to P90,000 from P82,000.

In relation to the new law, the Bureau of Internal Revenue released a revised withholding tax table. ordered employers to "deduct and withhold from such compensation a tax determined in accordance with the revised withholding tax table" starting January 1, 2018.

Here’s the table showing the withholding tax of daily, weekly and monthly compensation based on the new tax reform law.