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House OKs VAT exemption for PWDs

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House of Representatives, Congress

The House of Representatives has approved on third and final reading a bill seeking to exempt persons with disabilities (PWDs) from paying value-added tax (VAT) on certain goods and services.

Posted: December 2nd, 2014 in Latest News Stories,Nation | Read More »

Law reducing tax bite on bonuses could rev up PH economy, says senator

By
Senator Alan Peter Cayetano.   INQUIRER FILE PHOTO

A bill reducing or, in some cases, eliminating the tax on Christmas bonuses and other benefits, if passed into law, may help perk up the economy to finish strongly in the fourth quarter, a senator said Friday.

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

House amenable to P82,000 bonus tax cap

By
House of Representatives building

The House of Representatives will likely adopt the Senate version of the bill increasing to P82,000 the ceiling for tax exemption on bonuses for both the public and private sector.

Posted: November 27th, 2014 in Latest News Stories,Nation | Read More »

Senate OKs P82K tax cap for 13th-month pay

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Senate Hall. FILE PHOTO

The Senate approved Wednesday on third and final reading the bill raising the tax cap for the 13th-month pay and other benefits from P30,000 to P82,000.

Posted: November 26th, 2014 in Latest News Stories,Nation | Read More »

Recto bares ‘request’ not to impose higher tax-exempt this year

By
Ralph-Recto-0530

Senate Pro Tempore Ralph Recto disclosed on Thursday an alleged “request” by the Department of Finance not to implement the proposed higher tax exemption cap for workers’ bonuses this year.

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

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