What are the reports needed in the new train law?
By: Sen Nama
Pasig City, Metro Manila – October 5, 2018 – Train Law is still a hot topic until now because a lot of changes are affected by it. The package 1 affects many things; this includes some reports related to payroll like Income Tax table and Withholding Tax table. These reports are needed by an employer for them to file every end of the year.
Income tax table is used for the filing of income tax per employee which is needed by the employer. While the withholding tax table is used by the employer to know if their specific employee have tax refund, tax payable or just a breakeven.
In line with these, a payroll master needs a system that would help in generating those reports.
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