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.
August 12 –
International Youth Day
“Empowering youth,
building generations!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
August –
Aug 1-7 World breastfeeding week
Aug 9 – International Day of the World’s Indigenous Peoples
Aug 12 – International youth day
Aug 19 – World humanitarian day
Aug 23 – International Day for the Remembrance of the Slave Trade and Its Abolition
Monthly Observances:
Farms Safety Month
Breastfeeding Awareness Month
Weekly Observances:
Aug 17-23: Made in the Philippines
Product Week
Aug 29-Sept 5: Rice and Corn Week
Daily Observances:
Aug 1: Family Planning Day
Aug 9: National Indigenous Peoples Day
Aug 12: International Humanitarian Law Day
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