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| Tax Reform package 1 of President Rodrigo Duterte and Department of Finance. Credits: Better Buwis FB Page |
From the Tax Reform Package of President Rodrigo Duterte and Department of Finance those receiving less than Php 250,000 annually are already exempted in paying their taxes.
For those earning Php 275, 000 annually, they will be paying 20% of the 25,000 excess which is Php 5, 000 . And for the second implementation, it will only be 15% of the excess over Php 250, 000.
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| Tax Reform package of President Rodrigo Duterte and Department of Finance. Credits: Better Buwis FB Page |