Tuesday 12 December 2017
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5 days ago

Bicameral panel increases tax-free 13th month bonus to P90K

Members of the bicameral conference committee on the Tax Reform for Acceleration and Inclusion (TRAIN) bill have agreed to increase the tax-free cap of 13th month pay and other bonuses to P90,000 starting 2018. Under the prevailing Republic Act 10653, employees 13th month pay and other benefits, including productivity incentives and Christmas bonuses, are exempted from tax only if they do not exceed P82,000. Ngayong magpa-Pasko na po, napagkasunduan ng bicam na muling taasan ang halaga ng 13th mont

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