An Act Excluding 13th Month Pay From The Computation Of Taxable Income Amedning For This Purpose Section 32 (B) (7) (e) Of Republic Act No. 8424 Otherwise Known As The National Internal Revenue Code Of 1997, As Amended

• This bill, expected to benefit an estimated 39.8 M employees from the private and public sector, seeks to exclude the 13^th month pay from the computation of taxable income resulting in more financial resources for the workers.

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