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QUEZON CITY, Philippines (Eagle News) — The 13th month pay and other bonuses given to employees which would amount to P90,000 would not be taxed, nor will those with a a yearly earning of P250,000, according to the bilateral conference committee on the Tax Reform for Acceleration and Inclusion (Train) bill. “Napagkasunduan ng bicam na muling taasan ang halaga ng 13th month pay at iba pang bonuses na hindi na kakaltasan pa ng buwis,” Senator […]
MANILA, Philippines (Eagle News) — Senator Ralph Recto proposed that starting January 2018, those who have a yearly wage of Php 250,000 should be exempted from income tax. Recto said that the government will not lose money if those earning Php 250, 000 yearly were exempted from taxes.
According to Congressman Martin Romualdez, Miss Universe 2015 Pia Wurtzbach deserves tax exemption for the honor she brought to the country as well as her dedication to youth issues. Romualdez added that it is admirable that Wurtzbach volunteered to pay taxes and that she is an inspiration to the whole nation. (Eagle News Service Described by Jay Paul Carlos, Video Editing by Dexter Magno, Uploaded by MRFaith Bonalos)
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 […]
