Thanks to the Tax Reform for Acceleration and Inclusion (TRAIN) law, a good number of Philippine employees will see a drop in their pay’s withholding tax starting the month of January.
Check out below how much withholding tax you will be paying under the TRAIN law:
The money you save now from the change in tax payments can be added to your grocery budget or perhaps to your leisure budget. You can even put it away on savings towards buying something new for your home like a pretty tiffany chandelier or a new TV 🙂
So is this new tax law making you smile or not?