Manila, Philippines --- The Bureau of Internal Revenue (BIR) rejected a proposal to grant tax exemption privileges to more salaried workers, saying it would result in at least P60 billion in revenue loss annually, Commissioner Kim S. Jacinto-Henares said yesterday.Manila Bulletin...
102,500 + 50,000 = 152,500 tax due Individuals Earning Purely Compensation Income shall be taxed on the income tax rates prescribed above. There is an increased threshold for non-taxable 13thmonth pay and other benefits, from 82,000, the exemption is now90,000. ...
Roxas Questions BIR Guidelines for Tax Exemption Law before SC
Palma, Isagani P
"Is the BIR regulation above the law granting us tax exemption privileges?" one locator asked. Under the law, entities inside the special economic zones are granted full tax exemption as if these areas were not part of the Philippine territory. But lawyer Jethro M. Sabariaga, chief of staff...
BAP Seeks BIR Ruling on Long-Term CD Tax ExemptionByline: FIL C. SIONILManila Bulletin