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The main purpose of our government in imposing taxes is to raise fund enable for them to work, because taxation is the strongest power of the government and therefore, it is highly needed by them.

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Q: What is the purpose of income tax in the Philippines?
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Purpose of the income tax act?

To raise Income Tax.


What the are different direct tax in the Philippines?

features of philippine income tax


What is the purpose of the income tax brackets?

Income tax brackets enable the progressive taxation of income.


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A deduction on your income tax return would reduce your taxable income on your 1040 income tax return and reduce your federal income tax liability. An income tax deduction amount from your gross pay would be a prepayment of any future federal income liability you may have after your income tax return is completely at the end of the tax year and if enough is deducted from your gross pay you could end up receiving a refund of some of the withheld income tax amount.


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