MANILA, PHILIPPINES - Call
center agents and other employees with a monthly income of Php 21,000 will be
exempted from paying the personal income tax (PIT), generating savings of over
Php 20,000 annually, under the first package of the comprehensive tax reform
plan (CTRP).
Finance
Undersecretary Karl Kendrick Chua said the revised CTRP Package One under House
Bill 4774 that was filed by Rep. Dakila Carlo Cua retained the DOF- proposed
exemptions on the first Php 82,000 of earnings from the 13th month pay and
other bonuses received by taxpayers, which, in turn, increased the threshold
for those who will pay zero tax under the tax reform plan.
Under
a revised proposal, Filipinos with a monthly income of P21,000 or below will be
exempted from paying personal income tax, generating over P21,000 in savings
annually.
This
will, in turn, increase the threshold for those who will pay zero tax under the
tax reform plan.