Republic Act 9504

Rumors are everywhere about the tax bill GMA will be signing into law It is the Republic Act 9504 or the tax bill that will exempt minimum wage earners from being taxed. This will be a big help for us Filipinos. There are so many minimum wage earners here in the country. The factory workers for one. You know how big in number they are. This bill, authored by Senator Mar Roxas, will save some money for the minimum wage earners. That money that would have been deducted as tax can now go to food and other basic necessities of a family. Let’s wait and see if it will really be signed into law today.

One comment

  • Any tax relief is welcome, since people really hate taxes, although taxes in other countries ay mas higher pa rin at mahirap takasan ang “BIR” nila (e.g. Singapore-35%, Europe-50%, US average Americans earning about $80T/year- 30%). As Benjamin Franklin said” But in this world nothing is certain but death and taxes.” Kahit na mukhang populist-appeal-to-voters by 2010 ang dating ng law na ito. Although hindi naman na pwede tumakbo si Gloria. Sa aming pagtanong-tanong, nagulat din kami na there are also many government employees pala who are earning less than P328 a day (Metro Manila) and way below minimum wage. Example, drivers, clerks, janitors. Dapat lang kasi ang taas ng presyo ngayon walang pinipili-ke mababang empleyado ng private/gov’t.
    And another good thing actually from this law signed by Gloria is the increase in personal tax exemptions when those that will pay income taxes will file income taxe returns to BIR. The increase of exemption is from P25T to P50T regardless of whether single, married etc. For those with 4 dependent children that’s P200T exemption agad

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