has updated the income-tax withholding tables for 2018 to reflect changes made by the new tax law. The updated tables reflect the new rates for employers to use during the 2018 tax year.

Notice 1036 is only the first in a number of steps the IRS intends to take to improve the accuracy of withholding after the major changes in the new tax law, the service cautioned. Among other things, ...

The effect of lower personal income tax rates in light of the recently-approved Tax Reform for Acceleration and Inclusion (TRAIN) law may already be felt ... Circular 105-2017 or the revised ...

For instance, under the TRAIN Law, the rates on creditable withholding tax (CWT) shall be anywhere between 1 and 15 percent. The imposition of the specific rates is regarded as the privilege of ...

and the filing deadline for the final withholding tax (FWT) and EWT returns. The TRAIN Law provides that starting Jan. 1, 2019, the EWT rates will range from one percent to 15 percent. Prior to ...

One of the amendments introduced by the TRAIN Law, which will be effective in 2021, relates to the value-added tax (VAT) withholding system on sales to government. Section 37 of the TRAIN Law ...