Please take note that there are two sets of income tax tables under TRAIN:
(1) Income Tax Tables to be implemented for the years 2018 to 2022; and
(2) Income Tax Tables which will be applicable from the year 2023 on wards.
Noticeably, the minimum wage earners (MWEs) and employees earning Php20,000.00 (and below) per month are exempted from Income Tax or Compensation Tax under the New TRAIN Law of 2018.
It is also crystal clear in the TRAIN Law that high income earners falls on the high tax range rates as shown in the table above.
However, the tax rates will be reduced beginning year 2023 and on wards, if not superseded by a new law before its implementation, as shown in the table below.