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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

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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 »

Senate hikes tax exemption for bonuses up to P82,000

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Sen. Sonny Angara: Bill sponsor. INQUIRER file photo

The Senate has approved on second reading a bill that would allow more workers to enjoy their Christmas bonuses in full by raising the tax exemption cap for the 13th month pay and other benefits from P30,000 to P82,000.

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

Senate OKs on 2nd reading bill that seeks higher tax-exempt bonuses

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Sen. Sonny Angara: Bill sponsor. INQUIRER file photo

  MANILA, Philippines– A bill that seeks to raise the take-home pay of Filipino workers by increasing the tax exemption cap for their 13th month pay and other benefits from the current P30,000 to P82,000 has been approved by the Senate on second reading.   Senate Bill 2437 has yet to be approved on third […]

Posted: November 19th, 2014 in Latest News Stories,Nation | Read More »

Higher tax-exempt bonuses seen

Senate President Franklin Drilon INQUIRER FILE PHOTO

It may be a merrier Christmas for many workers this year.

Posted: October 23rd, 2014 in Latest News Stories,Nation | Read More »

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