House approves bill increasing tax exemption ceiling on bonuses to P70k

**CVT** · February 16th, 2015 12:56 PM

Originally Posted by cast_no_shadow

amen to that!

To add up, may tax shield sa private company kila esmi meron.

I don't know how it works pero for sure nabutasan nila yung batas kaya in a way "legal" pa din.

Bro.,- ako/kami sa kumpanya (private) walang tax shield.

May fringe benefits,- but we pay the proper taxes....

We don't pursue any creative accounting. Too many complications down the road.

"The measure of a man is what he does with power" LJIOHF!

25.7K:shark:

**badkuk** · February 16th, 2015 01:35 PM

Originally Posted by Lew_Alcindor

Let us be honest here, sino bang nagbabayad ng tamang tax dito?
Malamang kami lang mga govt employees, di ba? Dahil no choice kami.

Sir, working in a private company. Bago pa makarating samin yung sweldo, kaltas na income tax. By the book po accountant namin ^_^

Taxation is the easiest way for government to raise money, 'coz they don't need to invest anything. In theory our taxes should be used to upgrade infra, provide services, etc. But in reality, we have the pork barrel/DAP mess.

**thestartingline** · February 16th, 2015 02:13 PM

Plus, the benefits of public offices are more often better than private companies.

Walang mabubuhay sa retirement benefits ng SSS. GSIS malaki laki ang benefit.

**madduck** · February 16th, 2015 02:23 PM

Ano ang naka declare sa tax shield?
Ang alam ko lang na pwedeng hindi taxable are deminimis benefits, na maliit lang naman. Yun lang ang inaallow na non taxable income. Wala ng ibang pwedeng gawing non taxable sa employee income, though i doubt sinisilip ng BIR ang individual contributions.

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Ano ang naka declare sa tax shield?
Ang alam ko lang na pwedeng hindi taxable are deminimis benefits, na maliit lang naman. Yun lang ang inaallow na non taxable income. Wala ng ibang pwedeng gawing non taxable sa employee income, though i doubt sinisilip ng BIR ang individual contributions.

**Yuki13** · March 13th, 2015 05:48 PM

Implemented na pala.

**shadow** · March 13th, 2015 06:06 PM

yun mga may mid year bonus...pasok na kayo

**greenlyt** · March 13th, 2015 06:14 PM

^
wala pa atang implementing guidelines galing sa BIR
wala pa kaming na-receive na request galing sa payroll section para baguhin yun tax system

**shadow** · March 13th, 2015 06:39 PM

Originally Posted by greenlyt

^
wala pa atang implementing guidelines galing sa BIR
wala pa kaming na-receive na request galing sa payroll section para baguhin yun tax system

June daw start ng implementation.

**greenlyt** · March 13th, 2015 06:48 PM

^
meaning lahat ng bonus matatanggap before June hindi pa kasali?
or depende siguro sa guidlines ilalabas ng BIR

**dr. d** · March 13th, 2015 07:02 PM

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Originally Posted by greenlyt

^
meaning lahat ng bonus matatanggap before June hindi pa kasali?
or depende siguro sa guidlines ilalabas ng BIR

sabi ni kim, immediately executory, starting jan. 2015.
wala nang implementing guidelines, dahil napaka-obvious naman daw, e.
it's simple: add up all your bonuses for 2015. subtract 70K. the remainder is the taxable amount.