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House bill on tax exemption for bonuses passes on 2nd reading

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Philippine Congress. FILE PHOTO

The bill seeking to increase the tax ceiling exemption for bonuses was approved on Tuesday on second reading despite the few numbers in the plenary.

Posted: September 9th, 2014 in Latest News Stories,Nation | Read More »

Senate vows passage of pro-labor measures

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Senate President Franklin Drilon: Frustrated. INQUIRER FILE PHOTO

The Senate vowed on Labor Day to fast-track the passage of pro-worker measures, such as a bill that seeks to raise the tax exemption limit on the 13th month pay and other work benefits in the public and private sectors.

Posted: May 1st, 2014 in Latest News Stories,Nation | Read More »

Moves to raise tax exemption cap on bonuses gain ground in House

Nueva Ecija Rep. Estrellita Suansing. Photo from https://www.facebook.com/athel.suansing

Moves to increase the tax exemption cap on bonuses gained ground in the House of Representatives as another lawmaker filed a similar proposed measure.

Posted: March 20th, 2014 in Latest News Stories,Nation | Read More »

Senate eyes law exempting from tax 13th month pay of up to P75,000

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Senators Franklin Drilon and  Ralph Recto. INQUIRER FILE PHOTOS

Congress will pass a bill increasing the amount of 13th month pay that will be exempted from the income tax from the present P30,000 to P75,000, Senate President Franklin Drilon said on Tuesday.

Posted: February 18th, 2014 in Latest News Stories,Nation | Read More »

Congress eyes bigger tax exemption for bonuses – Drilon

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Senate President Franklin Drilon: Frustrated. INQUIRER FILE PHOTO

Congress is likely to pass a bill increasing the amount of 13th-month pay that would be exempted from income tax to P75,000 from P30,000 at present, Senate President Franklin Drilon said Tuesday.

Posted: February 18th, 2014 in Latest News Stories,Nation | Read More »

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