TRAIN Tax Law thread

**StockEngine** · September 12th, 2018 03:10 PM

House gives final approval to TRAIN 2 bill | Philstar.com

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**dreamur** · September 12th, 2018 03:15 PM

Originally Posted by StockEngine

House gives final approval to TRAIN 2 bill | Philstar.com

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Hopefully will be replaced with china-owned factories.

Japan firms poised to pull out of PH | Inquirer Business

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**StockEngine** · September 12th, 2018 03:16 PM

Originally Posted by dreamur

Hopefully will be replaced with china-owned factories.

Japan firms poised to pull out of PH | Inquirer Business

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yikes!

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**travajante** · September 12th, 2018 03:29 PM

Doom looms.[emoji17]

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**chronicle** · September 12th, 2018 04:41 PM

Originally Posted by dreamur

Hopefully will be replaced with china-owned factories.

Japan firms poised to pull out of PH | Inquirer Business

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Oh no. Pretty sure japan aint the only one.

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**StockEngine** · September 17th, 2018 11:12 AM

fkkk

Peso seen at P58 on wider ’19 trade gap | Inquirer Business

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**minicarph** · September 17th, 2018 09:38 PM

Originally Posted by StockEngine

fkkk

Peso seen at P58 on wider ’19 trade gap | Inquirer Business

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ang natatakot lang ako sa dollar exchagne ngaun eh presyo ng Iphone XS Max, yan lang kasi bibilhen ko na mportante mportante sakin until the end of the eyar

**_Qwerty_** · October 25th, 2018 11:29 AM

as per BIR memorandum circular 50-2018.. Company HMO paid by employers are now part of the 90T threshold for bonuses.. in excess of 90T.. taxable na..

example:

13th month pay = 50T
other bonus = 20T
HMO with 1 dependent (paid by employer) = 25T each x 2 = 50T
Total = 120T - 90T = 30T taxable

https://www.bir.gov.ph/images/bir_fi...%2050-2018.pdf

**dreamur** · October 25th, 2018 11:39 AM

Originally Posted by _Qwerty_

as per BIR memorandum circular 50-2018.. Company HMO paid by employers are now part of the 90T threshold for bonuses.. in excess of 90T.. taxable na..

example:

13th month pay = 50T
other bonus = 20T
HMO with 1 dependent (paid by employer) = 25T each x 2 = 50T
Total = 120T - 90T = 30T taxable

https://www.bir.gov.ph/images/bir_fi...%2050-2018.pdf

We are now scrambling to calculate the impact as it is almost year end. How do you soften the impact to the employees? Deduct against 13th month pay? Installment? What about company shouldering as part of fbt?

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**_Qwerty_** · October 25th, 2018 11:46 AM

sa amin, one time deduction sa 13th month pay.. kung 25T ang HMO eh di additional 7500 more or less on tax.. kung excess na sa 90T threshold.

Originally Posted by dreamur

We are now scrambling to calculate the impact as it is almost year end. How do you soften the impact to the employees? Deduct against 13th month pay? Installment? What about company shouldering as part of fbt?

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