Tag

// Tax Exemption
JUL
17
2019

SBN-603: Toll Fee VAT Exemption

An Act Exempting Tollway Operations From The Value Added Tax, Amending For This Purpose Sections 108 And 109 Of The National Internal Revenue Code Of 1997, As Amended Proposes to amend Sections 108 (VAT on Sale of Services and Use or Lease of Properties) & 109 (Exempt
JUL
17
2019

SBN-602: Performance-Based Bonus Exemption from Income Tax

An Act Excluding The Performance-Based Bonus From The Computation Of Taxable Income Amending For This Purpose Section 32 (B) (7) Of The National Internal Revenue Code Of 1997, As Amended Performance-Based Bonus (PBB) a top-up bonus given to government personnel of Bureaus or
JUL
17
2019

SBN-601: Overtime Pay Exemption from Income Tax

An Act Excluding Overtime Pay From The Computation Of Taxable Income Amending For This Purpose Section 32 (B) (7) Of The National Internal Revenue Code Of 1997, As Amended This bill, expected to benefit an estimated 26.7 M employees from the private and public sector, seeks to
JUL
17
2019

SBN-592: Expanding the Coverage of Exclusions from Gross Income and Increasing the De Minimis Benefits Tax Exemptions

An Act Providing Tax Relief To The Labor Sector By Expanding The Coverage Of Exclusions From Gross Income And Increasing The Amounts Of De Minimis Benefits Exempt From Tax Amending For The Purpose Sections 32(B) And 33 Of The National Internal Revenue Code Of 1997, As Amended,
JUL
08
2019

SBN-274: 13th Month Bonus Tax Exemption

An Act Excluding 13th Month Pay From The Computation Of Taxable Income, Amending For This Purpose Section 32 (B) (7) (E) Of 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,
JUL
08
2019

SBN-270: Capital Gains Tax and Documentary Stamp Tax Exemption

An Act Exempting The Sale Of Real Property In The Exercise Of The State’s Power Of Eminent Domain From The Payment Of Capital Gains And Documentary Stamp Taxes, Amending For The Purpose Sections 24 (D) And 199 Of Republic Act No. 8424, As Amended, Otherwise Known As The
AUG
15
2015

SBN-2913: Balikbayan Box Law

An Act Exempting From Duties And Taxes “Balikbayan Boxes” Containing Personal And Household Effects Of Overseas Filipino Workers (OFW), Other Filipinos Residing Abroad And Residents Of The Philippines Returning From Abroad STATUS: Substituted by Senate Bill No. 2968
NOV
21
2013

SBN-1944: Tax Relief to the Labor Sector

An Act Providing Tax Relief to the Labor Sector by Expanding the Coverage of Exclusions From Gross Income and Increasing the Amounts of De Minimis Benefits Exempt From Tax Amending for the purpose Sections 32(B) And 33 Of The National Internal Revenue Code Of 1997, As Amended,