Credits: Better Buwis FB Page
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. Source: Department of Finance |
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