How to Compute Income Tax of Freelancers in the Philippines (TRAIN Law)

Freelancers are self-employed individuals who's receipts are subject to income tax and business tax. In this video, I explained how the income tax of a freelancer is computed.

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Time Stamps:
00:00​ Intro
00:20 Freelancers Defined
00:57 Taxpayer Classification
01:​​26 Income Tax Rates
02:23 Allowed Deduction
03:35 Sample Computations
05:53 Outro

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Hash Tags:
#tax #freelancer #bir #incometax #philippines

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Disclaimer:
This video is mainly for academic purposes and is not a substitute in doing your due diligence. For highly technical tax issues, you are advised to seek professional assistance or contact BIR for proper tax compliance.