• 24 October 2016
MANILA, Oct. 24 - Call center agents and other workers with a monthly income of at least P21,ooo and with no dependents will save at least P28,000 a year under the proposed tax reform plan submitted by the Department of Finance (DOF) to the Congress. Finance Undersecretary Karl Kendrick Chua said call center agents will be able to save this amount because under the DOF tax reform plan, they would have to shell out only a very small fraction of the personal income tax (PIT) they are now paying under the current system. Under the existing tax rates, call center agents earning P21,000 a month still have to pay P34,209 in PIT, even if they file for a personal exemption of P50,000 and even with their 13th month pay and other benefits exempted from taxes. But under the DOF tax plan, they would only pay P1,567 in PIT even if their 13th month pay and other benefits are factored-in when computing their net taxable income. “This is because under the new DOF-proposed system, those earning P250,000 but not over P400,000 will only have to pay 20 percent of the amount in excess of P250,000 as personal income tax in the first year of implementation,” Chua, who is the DOF’s conc ...Read more

PH to implement massive infrastructure plan

 CENTRAL  24 October 2016
MANILA, Oct. 24 – The Philippines has partnered with a key Chinese Government agency and China’s biggest companies in order to study the implementation of the major flagship infrastructure projects of the Duterte administration. These partnerships form part of the Memoranda of Understanding ( ...Read more

Total stockpile, standby funds amounts to P851 M, NDRRMC reports

 CENTRAL  24 October 2016
QUEZON CITY, OCT. 24 – The National Disaster Risk Reduction and Management Council Disaster Response Pillar, in its latest update, said that as of 6:00o’clock PM of October 23, the Central Office (CO), affected Field Offices (FOs) and National Resource Operations Center (NROC) have a total stock ...Read more