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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

By
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

By
Senate President Franklin Drilon. 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 »

Congress eyes higher tax exemption cap on bonuses

By
Senate President Franklin Drilon: Decentralize. INQUIRER FILE PHOTO

Congress has agreed to pass a measure that would raise the tax exemption cap on the 13th month pay, Christmas bonus and other work benefits, Senate President Franklin Drilon said on Tuesday.

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

Gov’t to lose P40B in revenues if bill raising cap on tax exemption is passed

Bureau of Internal Revenue building

The government stands to lose as much as P40 billion in revenues if a House bill seeking to raise the tax ceiling exemption of workers is passed, a finance official warned.

Posted: January 28th, 2014 in Latest News Stories,Nation | Read More »

BIR urged to raise cap on tax-exempt 13th-month pay, bonuses, allowances

By
Bureau of Internal Revenue building

Rank-and-file employees of the Department of Agrarian Reform (DAR) are petitioning Internal Revenue Commissioner Kim Henares to raise the ceiling of taxes levied on all perks and allowances, including the 13th-month pay.

Posted: December 19th, 2013 in Latest News Stories,Nation | Read More »

Recto files measure raising tax exemption on bonuses

By
Senator Ralph Recto INQUIRER FILE PHOTO

Sen. Ralph Recto has filed a bill increasing to P75,000 the amount in 13th-month pay, Christmas bonus and other benefits that would be exempt from income tax.

Posted: December 16th, 2013 in Latest News Stories,Nation | Read More »

New bill seeks larger tax exemptions 13th month pay, bonuses

By
Senate Pro Tempore Ralph Recto. INQUIRER FILE PHOTO

Senator Ralph Recto has filed a bill increasing to P75,000 the amount of 13th month pay, Christmas bonus and other benefits to be exempted the payment of income tax.

Posted: December 14th, 2013 in Latest News Stories,Nation | Read More »

Gov’t employees decry tax on union perks

By

After climbing the ring with Manny Pacquiao to contest part of the boxing champion’s multimillion-dollar prize winnings, the taxman is snatching a bite from the meager bonuses and allowances of 1.7 million government employees.

Posted: December 12th, 2013 in Editors' Picks,Headlines,Nation | Read More »

Didn’t get 13th-month pay? Tell DOLE

By

Private sector workers who did not receive their 13th-month pay in December should report their employers to the Department of Labor and Employment, the DOLE said.

Posted: January 2nd, 2013 in Editors' Picks,Headlines,Nation | Read More »

Gov’t workers to get P5,000 productivity bonus

About 1.2 million employees of the national government will get their P5,000 productivity bonus as early as Dec. 14, according to Budget Secretary Florencio B. Abad.

Posted: December 13th, 2012 in CDN - News,Cebu Daily News | Read More »

More bonus pay for gov’t workers

By

What could be a bigger treat on top of the customary Christmas bonus and 13th-month pay than what awaits government employees this yearend?

Posted: November 17th, 2012 in Editors' Picks,Headlines,Nation | Read More »

Santiago, Recto want tax exemptions for bigger Christmas bonuses

By
Senator Miriam Defensor-Santiago. INQUIRER FILE PHOTO

Two senators have filed separate bills allowing a greater number of Filipino workers to enjoy their Christmas bonuses and 13th month pay tax-free.

Posted: December 23rd, 2011 in Latest News Stories,Nation | Read More »

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