Ordinary Filipino workers will increase their take home income this New Year due to a lower PIT under the Tax Reform for Acceleration and Inclusion, or “Train,” law (Republic Act 10963), the chairman of the House Committee on Ways and Means said.
ORDINARY Filipino workers will increase their take home income this New Year due to a lower personal income tax under the Tax Reform for Acceleration and Inclusion, or “Train,” law , the chairman of the House Committee on Ways and Means said.
“The Train Law PIT cut will be equivalent to around 5 percent in gross income in added take home pay,” Salceda said. “That’s around half a month’s worth of additional disposable income.” “It will increase disposable income for Filipino families by around P32 billion by our emerging estimates. That will boost consumer spending and also leave some room for savings for home ownership,” Salceda added.
“From 30 percent, their taxes go down to around 15 percent if the Philippines’ reduced rates are imposed on them instead. That’s a two-month bonus,” the lawmaker explained.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Hello, 2023: How PH stars welcomed the New YearLovi Poe kicked off 2023 by sharing snaps from her glittery disco-inspired photoshoot. “The spotlight’s on 2023 — it’s gonna be shining, shimmering, and splendid,” she said in her caption. 🪩✨
Baca lebih lajut »
LOOK: Kathryn Bernardo stuns in new hairstyle ahead of New YearKathryn Bernardo is welcoming the new year with a new look, as she showed off her hair in a new &039;do before the end of 2022. The actress is sporting a new hair color and bangs, as seen on
Baca lebih lajut »
Put away guns during New Year celebration--solonKabayan Party-list Rep. Ron Salo has called to gun owners to be responsible during their New Year revelry, or else end up injuring someone with stray bullets.
Baca lebih lajut »
95% of Filipinos welcome New Year with hope – SWSAt least 95 percent of Filipinos will welcome the New Year with hope, the latest survey of the Social Weather Stations (SWS) showed. 'This is two points above the 93 percent...
Baca lebih lajut »
Marcos to celebrate New Year with family in MalacañangPresident Ferdinand “Bongbong” Marcos Jr. and the first family will celebrate New Year’s eve and New Year’s day in Malacañang Palace, the Office of the Press Secretary (OPS) confirmed on Saturday.
Baca lebih lajut »
54 inmates at Talisay City Jail released for New YearFifty-four Persons Deprived of Liberty at the Talisay City Jail in Cebu province were released for the New Year on Friday, Dec. 30.
Baca lebih lajut »