Revised Tax Exemptions schemes

[tidus1203]

Natawa ako sa C. Efficient Tax collection

[meledson]

In a way, this is a good news para sa atin na nabubuhay sa suweldo.

[_Qwerty_]

To illustrate this:

If you are earning Php500,000.00 a year, married w/ 4 kids.

[SIZE=2]old exemption: 52T[/SIZE]
[SIZE=2]50T + 30% of >250T[/SIZE]
[SIZE=2]500T - 52T = 448T - 250T = 198T x .30 = 59,400 + 50T = Php109,400.00 tax per year or Php9,116.66 per month[/SIZE]

[SIZE=2]new exemption: 150T[/SIZE]
[SIZE=2][SIZE=2]50T + 30% of >250T[/SIZE]
[SIZE=2]500T - 150T = 350T - 250T = 100T x .30 = 30,000 + 50T = Php80,000.00 tax per year or Php6,666.66 per month[/SIZE]

** saving of at least Php2,500.00 per month on tax.
[/SIZE]

[meledson]

Tama ba na once law na ito (after 15 days of signing), magkakaroon ang mga di-sweldo ng tax refund? :D

[tidus1203]

Is this thing retroactive at all?? Dapat hindi, yari nanaman public finances nyan. May doleouts na nga recently sa mga low end electricty users, may refund pa ng tax??

[meledson]

I have a feeling na for CY'08 siya, so basically retroactive. Gugulo kasi ang pag file ng tax kung hindi retroactive.

[claRkEnt]

no need for refund na siguro but the difference would be adjusted in the succeeding months so expect lower deductions including that for the x-mas bonus.

[jaguarpw]

this is very welcome news. May pangdagdag gasolina na ang mga tsikoteers

[sarceangel]

This is a good news....additional savings na ito kaysa naman damdamin mo na nagbabayad ka ng malaking buwis tapos makikita mo na ang gumagamit ng mga nakolektang buwis ay mga w*****g h**a at mga kurakot....but consider the pros and cos of this....

[badsekktor]

Cant blame the government for doing this move, She have to appease the masses or she might lose her position as well as her wealth to the angry mob. Mukhang magtitipid na ang gobyerno ah!