Tag: earners

DOF: Over 6 million Filipinos to enjoy zero personal income tax under TRAIN

(Eagle News) – The Department of Finance (DOF) has reported that over six million or 86 percent of compensation earners with taxable income of P685 per day or P20,833 per month and below will be exempted from paying the personal income tax (PIT) starting January 2018. This, according to Finance Secretary Carlos Dominguez III, is one of the benefits of the provisions under the Tax Reform for Acceleration and Inclusion Act (TRAIN) which was signed […]