Wednesday, February 25, 2015

Gov?t raises tax exemption cap for bonuses

Lawmakers intended it as a Christmas gifts to public and private employees last December, but delays made this new law a Valentine?s Day gift instead. Philippine President Benigno Aquino III signed the law raising to P82,000 the cap for 13th month pay and other workers' benefits that will be exempted ...

Source: http://www.rappler.com/thewraparticles/83821-govt-raises-tax-exemption-cap-bonuses

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