by Delon Porcalla – The Philippine Star, 22 Sep 2021
MANILA, Philippines — A committee of the House of Representatives approved yesterday a measure that will exempt working senior citizens from income tax payments being deducted by the Bureau of Internal Revenue from their monthly salaries.
The House committee on senior citizens, led by Rep. Rodolfo Ordanes of the party-list group Senior Citizens, approved House Bill (HB) 8832, the “Income Tax Exemption for Senior Citizens Act,” which would amend the National Internal Revenue Code of 1997.
The bill provides that individuals who are still employed at the age of 60 and above shall be exempt from paying income tax.
Ordanes, who authored the bill, said that based on data submitted by the Bangko Sentral ng Pilipinas, Filipino retirees have only about 3.6 months’ worth of income for their retirement.
HB 8832 also provides that holiday pay, overtime pay, night shift differential and hazard pay received by the elderly who are still working in companies should likewise be exempt from income tax.
January – ZERO WASTE MONTH
“Stop wasting our money.
Stop corruption!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
January
24 Jan – International Day of Education
26 Jan – International Day of Clean Energy
Monthly Observances:
National Microinsurance Month
Zero Waste Month
Weekly Observances:
Week 1: National Time Consciousness Week
Week 3: National Mental Health Week
Last Week: Children’s Week
Daily Observances:
January 6: Community Development Day
Third Sunday: Children’s Day
Day of Sanctity and Protection of Human Life
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