Does the Philippines tax income over $3000 per month? Certainly, the monthly income of $3000 is taxable. In addition to monthly benefit contributions (SSS, PhilHealth, Pag-IBIG), the taxable income reaches ₱26372.45. In 2025, the Bureau of Internal Revenue (BIR) mandates a minimum threshold of ₱20,833 for calculating withholding tax, but this taxable amount is greater….
As part of the maze of taxation, the Philippines’ transfer tax might seem like both a minor inconvenience and an essential step in real estate transactions. Throughout this process, it’s important to remember that, while this tax may appear to be just another line item, it’s a crucial part of ensuring compliance with local government…
Your Professional Tax Receipt (PTR) is the key to unlocking your practice’s doors, ensuring compliance with local laws as you begin your professional career. You’ve worked hard to perfect your skills and earn your licenses, but now it’s imperative that you understand the subtleties of your profession’s bureaucracy. In order to obtain and renew your…
Traveling out of the Philippines means dealing with taxes before you can enjoy your vacation. The saying goes, ‘There are two certainties in life: death and taxes.’ Travel taxes are imposed by the Philippine government on all citizens, residents, and foreigners over a year, but you may not know who is required to pay them,…
![Real Property Tax in the Philippines [Calculate Easily in 2025]](https://taxcalculatorphilippines.org/wp-content/uploads/2025/08/Real-Property-Tax-in-the-Philippines-768x512.webp)
It isn’t just a dream for many Filipinos to own a house. It’s a cherished dream. A house is a place where they can feel safe and it marks an important milestone in their lives. The Local Government Code of 1991 (Republic Act No. 7160) requires each homeowner to pay realty property tax each year….
Taking care of your civic responsibilities in the Philippines involves paying the Documentary Stamp Tax (DST), which may not be immediately appreciated but is an integral part of document-related transactions. Formalizing agreements or transferring assets may trigger this levy, so it’s important to understand its effect on your finances. It will become apparent to you…
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