Tag: Bonus

Gov’t employees sumugod sa SC: BIR memo na nagpapataw ng buwis sa cash benefits, pinalagan

(Eagle News) — Sumugod sa Korte Suprema ang ilang bilang ng mga mangagawa mula sa public sector sa pangunguna ng grupong COURAGE upang tutulan ang Bureau of Internal Revenue Memorandum Order No. 23-2014 na nagsasabing buwisan ang mga benepisyo ng mga mangagawa. Naniniwala ang mga mangagawa na mali ang naturang memorandum dahil ang usapin aniya ng fringe benefits gaya ng 13th month pay, cash gift at iba pa ay pantulong sa mga empleyado at hindi […]

All shall be exempted

QUEZON City, Philippines (December 21) – Everyone’s happy right now,  after receiving their well-earned bonuses.Some are thinking of how to spend it in good ways, either for their own luxuries or their family’s. The higher tax exemption to 13th month pay also took effect this year, namely Republic Act 10653. Formerly 30, 000 pesos, as long as the pay stays below 82,000 pesos, there will be no obligation to pay for the ‘lifeblood’ of the country, […]

Tax exemption for incentives and bonus pushed

BAGUIO CITY, Nov. 10 – – Members of the city council showed support for Senate Bill 2437 through approval of Councilor Leandro Yangot, Jr.’s proposed resolution during last week’s session. Senate Bill 2437 sought to raise the previous ceiling of P30,000 to P75,000 of 13th month pay, productivity incentives and Christmas bonuses for private and government workers for taxation purposes. The bill is a consolidation of five senate bills authored by Senators Angara, Ralph Recto […]