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NEW TAX EXEMPTION LAW

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1 NEW TAX EXEMPTION LAW on Fri May 01, 2015 12:13 pm

mishael032409


Arresto Menor
Hi mga Sir / Mam,

Just want to ask about the newly signed law regarding higher tax exemption ceiling on bonuses and 13th month pay.

nakalagay po kase sa mga news na "The measure seeks to raise the tax cap for the 13th month pay and other bonuses of employees to P82,000 from the current P30,000"

My question is ano po ba ung "OTHER BONUSES?" kasama po ba dito ung 14th,15th month, SICK LEAVE reimbursement etc?

Thank you po sa mga sasagot.

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2 Re: NEW TAX EXEMPTION LAW on Fri May 01, 2015 12:51 pm

council


Reclusion Perpetua
Lahat ng tinatanggap na bonus or additional income na labas sa basic pay - tulad ng 13th, 14th month, etc.

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3 Re: NEW TAX EXEMPTION LAW on Fri May 01, 2015 2:10 pm

mishael032409


Arresto Menor
salamat po sir council. Eto po ung sabe ng isang HR na napagtanungan ko, 13th month lang daw po ung mandated ng law kaya kung meron mang 14th or 15th month, discretion daw po ng business kung gusto nilang isama sa tax exemption, is this legal po ba?

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4 Re: NEW TAX EXEMPTION LAW on Fri May 01, 2015 2:28 pm

council


Reclusion Perpetua
Dapat kasama sa exemption basta classified as benefits.


(7) Miscellaneous Items. — “xxx

“(e) 13th Month Pay and Other Benefits. — Gross benefits received by officials and employees of public and private entities: Provided, however, That the total exclusion under this subparagraph shall not exceed eighty-two thousand pesos (P82,000) which shall cover:

“xxx

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5 Re: NEW TAX EXEMPTION LAW on Fri May 01, 2015 4:57 pm

mishael032409


Arresto Menor
Salamat sir Council, saan po makikita ung na quote nyo sir council? So pag lumabas po pala ang 14th month pay namin and tinaxan nila, we can complain them to NLRC or DOLE?

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6 Re: NEW TAX EXEMPTION LAW on Fri May 01, 2015 5:14 pm

council


Reclusion Perpetua
Nasa batas (Republic Act) na nilabas.

Hintayin ang Implementing Rules para sigurado.

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7 Re: NEW TAX EXEMPTION LAW Today at 10:22 pm

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