Revised Tax Exemptions schemes

**boybi** · June 17th, 2008 10:33 PM

This does not have any effect on the minimum wage earners since they already fall under the exemption granted by the current tax law. (Less than 60K+ salary per annum, including all the deductibles: head of family, etc.). Malaking effect ito sa mga medium income earners, especially those working in offices wherein their taxes are withheld already by their company.

**Lucius** · June 18th, 2008 03:53 AM

Dapat ang tanggalin talaga si Ralph Recto, as in tanggalin na sa mundo. Sya nag-pass nung e-vat.

**tidus1203** · June 18th, 2008 09:05 AM

The EVAT was a good law in general. Only the populist go against it cause they never understand the bigger picture that we are so burdened with debt servicing and it has to be reduce big time. Sacrifices are necessary.

**mikaztro** · June 18th, 2008 01:25 PM

The senator added that all holiday, night differential, hazard, and overtime pay would also be tax-exempt.

- I wonder kung sa minimum wage earners ito o para sa lahat. I think matutuwa mga taga call centers nito lalo na sa mga nag night diffs and OTs. Biro ninyo tax exempted na yon. This is really a good news to everyone.

**karlbo** · June 20th, 2008 06:07 AM

Originally Posted by mikaztro

The senator added that all holiday, night differential, hazard, and overtime pay would also be tax-exempt.

- I wonder kung sa minimum wage earners ito o para sa lahat. I think matutuwa mga taga call centers nito lalo na sa mga nag night diffs and OTs. Biro ninyo tax exempted na yon. This is really a good news to everyone.

Hay!? salamat naman kung ganito... naknang.. more take home.. less tax to pay..

nangyayari kasi napapaOT halos yung iba para may pambayad ng mga taxes eh.. nampepe naman ohhh..

**CVT** · June 20th, 2008 07:41 AM

Originally Posted by mikaztro View Post
The senator added that all holiday, night differential, hazard, and overtime pay would also be tax-exempt.

- I wonder kung sa minimum wage earners ito o para sa lahat. I think matutuwa mga taga call centers nito lalo na sa mga nag night diffs and OTs. Biro ninyo tax exempted na yon. This is really a good news to everyone.

Huwag na lang magtrabaho ng regular na oras at pumasok na lang ng Linggo o holiday o mag-overtime na lang para walang tax......

6220:foryou:

**meledson** · June 20th, 2008 08:44 AM

Wala akong OT pay nor night differential.

Masaya na ako kasi kahit paano ay bumaba ng konti ang tax na babayaran dahil sa mga exemptions.

Dapat ang mga tax bracket ang ayusin din.

**mikaztro** · June 18th, 2008 01:25 PM

The senator added that all holiday, night differential, hazard, and overtime pay would also be tax-exempt.

- I wonder kung sa minimum wage earners ito o para sa lahat. I think matutuwa mga taga call centers nito lalo na sa mga nag night diffs and OTs. Biro ninyo tax exempted na yon. This is really a good news to everyone.

**coiter** · June 18th, 2008 01:40 PM

sana next step is to update the tax brackets. kung di ako nagkakamali, more than 20 yrs na (1987 constitiution) since last na update ito. so a salary of 10k before would probably be worth around 20k today.

**1D4LV** · June 18th, 2008 02:06 PM

just had a meeting with a BIR lawyer just this lunch.

this will be effective after 15 days after publication + completion of the guidelines for BIR. so tingin ko mga two months pa ito.