Bill raising workers’ tax exemption backed

The Department of Labor and Employment (DoLE) and labor groups gave their approval yesterday on the pending legislation, which will raise the tax exemption cap of workers to P70,000.

In an interview, Labor and Employment secretary Rosalinda Baldoz said the measure would help workers to cope with the rising price of basic goods and services.

“We support the bill itself since it would mean more benefit for the workers,” Baldoz said. Trade Union Congress of the Philippines (TUCP) said it will push for the passage of the bill, which will “reward” workers for their economic contributions.

“This measure such as this is very much welcome especially at this time when workers who work so hard to bring about an improved economic growth of the country gets to have a bonus,” TUCP spokesperson Alan Tanjusay said.

The House Committee on Ways and Means recently approved a bill, which will amend the National Internal Revenue Code of 1997, Republic Act No. raising the existing P30,000 tax exemption ceiling of workers.

It will cover 13th month pay, Christmas bonus and other benefits of workers. (Samuel Medenilla)/Tempo

DOLE backs raising tax exemption on bonuses

The Department of Labor and Employment (DOLE) and labor groups aired support yesterday for pending legislation seeking to raise tax exemption cap of bonuses of  employees from P30,000 to P70,000.

In an interview, Labor and Employment Secretary Rosalinda Baldoz said the measure would help workers cope with the rising price of basic goods and services.

“We support the bill itself since it would mean more benefit for the workers,” she said.

Trade Union Congress of the Philippines (TUCP) said it will push for the passage of the bill, which will “reward” workers for their economic contributions.

“This measure such as this is very much welcome especially at this time when workers who work so hard to bring about an improved economic growth of the country gets to have a bonus,” TUCP spokesperson Alan Tanjusay said. - (Sam Medenilla) Manila Bulletin / Yahoo News