Taxpayers Earning Php 21,000 Monthly And Below To Pay Zero Tax

       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.