TRAIN Tax Law thread

**chronicle** · October 25th, 2018 11:48 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

Bakit sa empleyado ikakaltas yan kung paid by the empoloyer? So voluntary magpapatax ka kasi automatic naman na may hmo ka?

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**_Qwerty_** · October 25th, 2018 11:51 AM

kasi pumapatak benefit mo yun.. na binayaran nang employer..

Originally Posted by chronicle

Bakit sa empleyado ikakaltas yan kung paid by the empoloyer? So voluntary magpapatax ka kasi automatic naman na may hmo ka?

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**dreamur** · October 25th, 2018 11:58 AM

Originally Posted by chronicle

Bakit sa empleyado ikakaltas yan kung paid by the empoloyer? So voluntary magpapatax ka kasi automatic naman na may hmo ka?

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Originally Posted by _Qwerty_

kasi pumapatak benefit mo yun.. na binayaran nang employer..

Yes, considered as part of compensation snd benefits, hence taxable.

By the way, this is part of the Train law.

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**_Qwerty_** · October 25th, 2018 12:02 PM

masama nyan kung di mo naman ginamit yung HMO.. babayad ka pa 7500 na tax.. tsk tsk tsk

**_Qwerty_** · October 25th, 2018 12:14 PM

mabigat din yan don sa ibang company na may free dependent.. pati yung HMO nang dependent kasama.. so kung 25T x 2 = 50T ang dagdag sa taxable kung excess sa 90T.

**chronicle** · October 25th, 2018 12:23 PM

Originally Posted by _Qwerty_

kasi pumapatak benefit mo yun.. na binayaran nang employer..

Originally Posted by dreamur

Yes, considered as part of compensation snd benefits, hence taxable.

By the way, this is part of the Train law.

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Thanks for the clarification.
Sa negotiation table pala, dapat sabihin na convert na lang nila sa cash ang supposed hmo benefit.

Tapos kuha na lang ng life insurance.

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**dreamur** · October 25th, 2018 12:24 PM

Originally Posted by _Qwerty_

mabigat din yan don sa ibang company na may free dependent.. pati yung HMO nang dependent kasama.. so kung 25T x 2 = 50T ang dagdag sa taxable kung excess sa 90T.

True. So looking at thr brighter side, may health care coverage ka na pati dependents mo. Kung hindi nagagamit, good news pa rin.

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**minicarph** · October 25th, 2018 01:41 PM

matagal ko na naiisip ang tama talaga ng train law eh sa matatabang pamilya.

re tax on softdrinks, sugars, fuel para sa mga mabibigat na pamilya sa car, as well as cosmetics. kasi sino ba talaga nagpaparetoke ng mukha eh di mga matataba , kasi pag payat ka naman maganda ka na naturaaly

so it makes sense to attack HMO, kasi dami ngaun kain ng kain ng walang limit tapos nag katwiran eh may HMo naman.

Our President is so good talaga. alam nya na para magig progressive ang country dapat ang build ng katawan natin ay tulad ng mga Hapon at Koreans. tignan nyo. a lang ang kpop outifit, sobrang fitting na amerikana. eh dito loose thread ang amerikana sa sobrang luwag, malaki tuloy ang natitipid ng bansa Japan at Korea sa tela

**MR_BIG18** · October 25th, 2018 07:15 PM

Originally Posted by minicarph

matagal ko na naiisip ang tama talaga ng train law eh sa matatabang pamilya.

re tax on softdrinks, sugars, fuel para sa mga mabibigat na pamilya sa car, as well as cosmetics. kasi sino ba talaga nagpaparetoke ng mukha eh di mga matataba , kasi pag payat ka naman maganda ka na naturaaly

so it makes sense to attack HMO, kasi dami ngaun kain ng kain ng walang limit tapos nag katwiran eh may HMo naman.

Our President is so good talaga. alam nya na para magig progressive ang country dapat ang build ng katawan natin ay tulad ng mga Hapon at Koreans. tignan nyo. a lang ang kpop outifit, sobrang fitting na amerikana. eh dito loose thread ang amerikana sa sobrang luwag, malaki tuloy ang natitipid ng bansa Japan at Korea sa tela

Well i totally agree with the sugar thing...dapat i tax lahat ng drinks na lalampas sa 5g of sugar per 100ml..bat 5g kamo? Gawin ko nalang example yung minute maid OJ..100ml is 10g of sugar...everybody knows nobody drinks only 100ml...imagine if one drinks 500ml...thats 50g or 12.5 teaspoons sugar....and people think its healty..

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**sean-archer** · October 25th, 2018 07:18 PM

Originally Posted by minicarph

matagal ko na naiisip ang tama talaga ng train law eh sa matatabang pamilya.

re tax on softdrinks, sugars, fuel para sa mga mabibigat na pamilya sa car, as well as cosmetics. kasi sino ba talaga nagpaparetoke ng mukha eh di mga matataba , kasi pag payat ka naman maganda ka na naturaaly

so it makes sense to attack HMO, kasi dami ngaun kain ng kain ng walang limit tapos nag katwiran eh may HMo naman.

Our President is so good talaga. alam nya na para magig progressive ang country dapat ang build ng katawan natin ay tulad ng mga Hapon at Koreans. tignan nyo. a lang ang kpop outifit, sobrang fitting na amerikana. eh dito loose thread ang amerikana sa sobrang luwag, malaki tuloy ang natitipid ng bansa Japan at Korea sa tela

Sounds good, doesn't work

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