Download TRAIN Law Lecture by Dr. Lim PDF PDF Free - Full Version
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About TRAIN Law Lecture by Dr. Lim PDF
This document summarizes a lecture on updates to the Train Law given by Dr. Virginia Lim. Some key points include: 1. The Train Law amended 73 sections of the Tax Code and added 8 new sections, significantly changing taxation in the Philippines. 2. For individual taxpayers earning less than P250k annually, income will be exempt from taxes. Those earning over P250k will be taxed at progressive rates from 20% to 35% until 2023 when rates will decrease slightly. 3. Benefits received outside of basic salary up to P90k annually will also be tax exempt, including some in-kind benefits like rice or uniforms under certain value limits.
Detailed Information
| Author: | ['Anonymous 8SUSyvGc3d'] |
|---|---|
| Publication Year: | 2019 |
| Pages: | 12 |
| Language: | English |
| Format: | |
| Price: | FREE |
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