Philenews

Tax Calculation Tool Now Available

Published January 15, 2026, 15:16
Tax Calculation Tool Now Available

The Tax Department has made available to taxpayers the “Tax Income Calculation Tool” as part of the Tax Reform that will come into effect on January 1, 2026. The tool, available on the Department’s website, is for informational purposes and allows taxpayers to calculate income tax based on their personal situation, taking into account income, deductions, discounts, and allowances. The tool covers cases of single individuals, families, and single-parent families, presenting the tax before and after the reform, as well as the tax benefit. However, the Tax Department clarifies that the tool is a simulation and does not replace the official tax return submission process. Importantly, the tool operates in accordance with the General Data Protection Regulation (GDPR) and does not store, transmit, or process personal data. All calculations are performed locally during use.