25% income tax discount of medical frontliners OK’d

The proposed law granting discount on the income tax of medical frontline workers has been approved on final reading at the House of Representatives.

Under House Bill 8250, a 25-percent discount will be given to the said modern heroes in recognition of their contribution in the fight against COVID-19.

However, the discount will be limited to salary and professional fees related to their function as frontline workers. The benefit will not cover tax from their other sources of income such as businesses, investments, and other passive income unrelated to the response in treating COVID-19 patients. – PTV News

Popular

PBBM eyes more concrete measures to address effects of climate change

By Dean Aubrey Caratiquet As climate change makes its presence felt in various countries, especially the Philippines, President Ferdinand R. Marcos Jr. has shifted his...

PBBM to LGUs: Observe firm implementation of ‘no-build zones’ to address flooding woes

By Dean Aubrey Caratiquet As the enhanced southwest monsoon (habagat) continues to shed light on long-neglected matters, President Ferdinand R. Marcos Jr. made it clear...

PBBM vows stronger ties in meeting with Nigerian ambassador

By Dean Aubrey Caratiquet Expanding the scope of the Philippines’ international relations beyond its usual trading partners, President Ferdinand R. Marcos Jr. expressed his commitment...

PBBM to PCG flag officers: Uphold integrity in service of the Filipino people

By Dean Aubrey Caratiquet “Ang bawat paglalayag at bawat pagbabantay ay para sa sambayanang Pilipino.” This sentence best encapsulates the duty of Philippine Coast Guard (PCG)...