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Bill raising tax exemption cap for bonuses passed on final reading

Marikina Rep. Romero Quimbo. INQUIRER.net FILE PHOTO

Within the month since it was filed, the consolidated bill seeking to increase the tax ceiling for bonuses is approved on third and final reading Friday night in the House of Representatives.

Posted: September 27th, 2014 in Featured Gallery,Latest News Stories,Nation,Photos & Videos | Read More »

Cordillera gov’t men assail taxes

Government workers in the Cordillera have asked Malacañang to raise their pay and exempt them from a new tax circular that would reduce their benefits.

Posted: August 2nd, 2014 in Headlines,Regions | Read More »

House mulls higher tax-exempt ceiling for bonuses

Romero Quimbo

The House of Representatives is looking to raise the tax-exempt amount of workers’ bonuses to P40,000 up to P75,000, despite warnings from finance officials the revenue loss to the government would be at least P10 billion.

Posted: May 19th, 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

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 »