Why go for 8% gross income tax rate?

By Aileen P. Melchor

Mar 20, 2024 12:22 am

LIFE presents us with numerous choices. Most of the time, we become indecisive. Don't worry about it. I am here to guide you as to why choosing the 8-percent gross income tax (GIT) could be the right decision.

The first quarter of the year is very crucial for taxpayers. They need to make choices regarding the filing of their returns. Most of us, particularly small business owners and professionals, wonder whether to choose graduated income tax or 8-percent GIT.

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