13th month pay BIR hahabulin

[asb75]

13th month pay, bonuses below P30k are tax-exempt —BIR chief Henares

Internal Revenue chief Kim Henares on Thursday reminded government agencies and private firms that 13th month salaries, bonuses and benefits not exceeding P30,000 are exempted from tax.
On the other hand, any amount exceeding P30,000 would be subjected to tax.

Henares' reminder came at a time when companies are starting to hand out 13th month pay as well as holiday and year-end bonuses to their employees.

"For example kung sinuma mo lahat bonuses mo whatever you call it... kunwari total bonuses for the year is P40,000, P30,000 is exempted and P10k lang binubuwisan," Henares told reporters at the Department of Justice in Manila.

"Iyon lang ang nasa batas kaya iyon lang i-implement ng BIR," she added, saying that the tax rule should be implemented "across the board."

Henares emphasized that the rule on tax exemptions applies to all workers whether in the private or public sectors.

"So if you are in government, whether executive or legislative or judiciary branches... the rules are the same," Henares said.

The Revenue chief said companies and their accountants should be "conscious and mindful" of this tax exemption rules or risk being held criminally liable "for not withholding properly."

She also reminded income earners to indicate in their annual income tax returns details on their 13 month pay, bonuses, and benefits as well as the corresponding deductions if any.

Henares was earlier quoted as thumbing down a proposal made by Senate president pro-tempore Ralph Recto to raise the tax exemption for bonuses to P75,000 from the current P30,000.

Henares said Recto's proposal cannot be implemented unless there is a law that would determine an alternative source for the billions of pesos that the government stands to lose from implementing a higher tax exemption ceiling. KG, GMA News

[Retz]

may newly appointed bureau of customs OIC. sana si henares na lang doon.

[asb75]

may newly appointed bureau of customs OIC. sana si henares na lang doon.

Oo nga sir, kaya yun mga may 13th month pay na exceeded 30K huwag ninyo nang ideclare sa tax filling nyo.

[Retz]

^

Pwede ba yan gawin ng kunpanya sa ITR ng empleyado nila sir?


Sent from my iPad using Tsikot Car Forums

[blacksun25]

sobra nang out dated yang 30K na tax ceiling na yan. noong araw malaking pera na ang 30K kaya ok talaga buwisan. eh sa panahon ngayon, ano mararating ng 30K mo? dapat talaga itaas na yang tax ceiling.

[CLAVEL3699]

Oo nga sir, kaya yun mga may 13th month pay na exceeded 30K huwag ninyo nang ideclare sa tax filling nyo.

your working in a company or you have a business? parang hindi mo alam ang sinasabi mo.

If your working in a company, ang company will declare it hindi ikaw. Kung magkano ang sweldo mo as is yun ideclare.

Pwera na lang kung may Tax Shield ka pero sa ngayon scenario halos pinagbabawal na ang tax shield nang employee. Sa company namin nung pumasok ako may tax shield ako pero ngayon year na eto wala na tinanggal na. Declare na sya lahat.

Dinagdag na lang sa sweldo ko ang dapat sa tax shield.

[lowslowbenz]

TAX na naman!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !














Wala na, sira na mood ko!

[badkuk]

um, this is a new rule? afaik people in the office have been complaining about this for years now...

[jodski]

^ old rule na yan sir... madalas hindi lang na explain ng maayos ng iba

[shadow]

exactly my point, matagal na yan...saka bakit BIR sinisisi? sila ba gumawa ng batas? they're just implementing their mandate na utos ng batas...

habulin niyo mga congressmen and Senators.

[Retz]

13th month pay, bonuses below P30k are tax-exempt —BIR chief Henares

Internal Revenue chief Kim Henares on Thursday reminded government agencies and private firms that 13th month salaries, bonuses and benefits not exceeding P30,000 are exempted from tax.
On the other hand, any amount exceeding P30,000 would be subjected to tax.

Henares' reminder came at a time when companies are starting to hand out 13th month pay as well as holiday and year-end bonuses to their employees.

"For example kung sinuma mo lahat bonuses mo whatever you call it... kunwari total bonuses for the year is P40,000, P30,000 is exempted and P10k lang binubuwisan," Henares told reporters at the Department of Justice in Manila.

"Iyon lang ang nasa batas kaya iyon lang i-implement ng BIR," she added, saying that the tax rule should be implemented "across the board."

Henares emphasized that the rule on tax exemptions applies to all workers whether in the private or public sectors.

"So if you are in government, whether executive or legislative or judiciary branches... the rules are the same," Henares said.

The Revenue chief said companies and their accountants should be "conscious and mindful" of this tax exemption rules or risk being held criminally liable "for not withholding properly."

She also reminded income earners to indicate in their annual income tax returns details on their 13 month pay, bonuses, and benefits as well as the corresponding deductions if any.

Henares was earlier quoted as thumbing down a proposal made by Senate president pro-tempore Ralph Recto to raise the tax exemption for bonuses to P75,000 from the current P30,000.

Henares said Recto's proposal cannot be implemented unless there is a law that would determine an alternative source for the billions of pesos that the government stands to lose from implementing a higher tax exemption ceiling. KG, GMA News

Akala ko buong amount ng bonuses ang binubuwisan deductive pala ang 30k.... Ma check nga.

[CLAVEL3699]

Akala ko buong amount ng bonuses ang binubuwisan deductive pala ang 30k.... Ma check nga.

Ano! hindi mo alam? Ilan taon ka na ba? Ilan taon ka naba nagtratrabaho? Ilan taon ka na ba nagsalary nang more than 30k.

Hindi ka ba nagtataka kung bakit hindi buo ang 13th month mo versus sa sweldo mo. Baka naman below 30k ang sweldo mo.

hindi ka naman siguro nagsimula sa more than 30k kaagad.

[Retz]

^

ang alam ko greater than 30k taxable na. pero ung deductive ang 30k yan ang hindi ko alam sir. hindi ko naman kinukwenta sir ey.

[BratPAQ]

exactly my point, matagal na yan...saka bakit BIR sinisisi? sila ba gumawa ng batas? they're just implementing their mandate na utos ng batas...

habulin niyo mga congressmen and Senators.

Asa pa tayo sa mga Congressman, unahin muna nila tax exemption ni Pacquiao bago mamamayan.

Sent from my GT-N7100 using Tapatalk 4

[CLAVEL3699]

^

ang alam ko greater than 30k taxable na. pero ung deductive ang 30k yan ang hindi ko alam sir. hindi ko naman kinukwenta sir ey.

hehehe. Gulo mo ah. Ang alam mo greater than 30k is taxable pero hindi mo alam na sa total salary deducted ang 30k then yun na ang taxable.

Pareho lang yang sinabi mo eh. Hay naku retz.

[glenn manikis]

Ano! hindi mo alam? Ilan taon ka na ba? Ilan taon ka naba nagtratrabaho? Ilan taon ka na ba nagsalary nang more than 30k.

Hindi ka ba nagtataka kung bakit hindi buo ang 13th month mo versus sa sweldo mo. Baka naman below 30k ang sweldo mo.

hindi ka naman siguro nagsimula sa more than 30k kaagad.

sir clavel... hindi napapansin ni sir retz yan at Barya lang sakanya ang bonus at tax...

at may accountant naman siya na nag double check sa finances nya..

[CLAVEL3699]

sir clavel... hindi napapansin ni sir retz yan at Barya lang sakanya ang bonus at tax...

at may accountant naman siya na nag double check sa finances nya..

ayyyy oo nga noh. Pasensya na hahahaha

[CVT]

Cause I'm the taxman....
Yeaaahhhh, I'm the taxman....




21.9K:frenchyf2:

[_Cathy_]

sir clavel... hindi napapansin ni sir retz yan at Barya lang sakanya ang bonus at tax...

at may accountant naman siya na nag double check sa finances nya..

I also thought the same. Baka yung sweldo ni Retz e barya lang sa kanya kaya he is not aware of the taxes. Pang East Asia, Starbucks or J CO lang niya yan, or pang ho ho ho

[peejay_07]

Ang sinasabi ni Retz, hindi nya alam na yung excess of 30k lang ang nitataxan. Akala nya, once greater than 30k ka na, taxable buo yung amount.