09
Apr
Employment Tax of Employee Who Has a Side Business Under the TRAIN Law
Employment tax differs depending on the status, level of income, number of sources of income of employee. While the double job approach is not yet popular in the Philippines unlike in many other countries, there are full-time employees who run a business on the side. In such case, what is the tax implication? Does the 8% rate apply in this case? The TRAIN law provides as well for the rate of tax on income of purely self-employed individuals and/or professionals whose gross [...]