Want to know how much you’ll get as extra pay? Try DOF’s tax calculator
Almost everybody wins according to these computations.
The Department of Finance has released a new tax calculator that factors in the final provisions under Republic Act 10963 or the Tax Reform for Acceleration and Inclusion, which took effect on Jan. 1, 2018.
Finance Secretary Carlos Dominguez III shared the link to the online calculator on Twitter, which is available for use for all Filipinos.
— Carlos Dominguez III (@SecSonnySays) January 8, 2018
It can be accessed via http://www.taxcalculator.ph/
It also computes the expected additional monthly expenses to factor in higher taxes on sodas and fuel, among others.