BDO clarifies saving tax

The Manila Times

BDO clarifies saving tax  Amid the confusion on the 20 percent tax on Capital Markets Efficiency Promotion Act (CMEPA) bank savings, Albert Tuala, BDO Network Bank’s regional head for Bicol asks the media to help them explain to the public that the 20 percent tax is imposed on the interest gained from the savings. He said that the aim of the new law is to tax big depositors earning big interests.  VIDEO BY Rhaydz Barcia  Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe Visit our website at [https://www.manilatimes.net](https://www.manilatimes.net/)  Follow us: Facebook - https://tmt.ph/facebook Instagram - https://tmt.ph/instagram Twitter - https://tmt.ph/twitter DailyMotion - https://tmt.ph/dailymotion  Subscribe to our Digital Edition - https://tmt.ph/digital  Check out our Podcasts: Spotify - https://tmt.ph/spotify Apple Podcasts - https://tmt.ph/applepodcasts Amazon Music - https://tmt.ph/amazonmusic Deezer: https://tmt.ph/deezer Stitcher: https://tmt.ph/stitcher Tune In: https://tmt.ph/tunein  #TheManilaTimes #TMTNews #Tax #Philippines

Transcript

00:00...20% na taxes sa interest.

00:02Existing na po yun.

00:04Ang bago lang po ngayon,

00:06na dapat maintindihan natin lahat,

00:09ang bago lang po ngayon,

00:10ang tinatax na po,

00:12yung mas may kakayahan

00:14na magbayad ng taxes.

00:16Kasi sa ngayon po,

00:18ang nangyayari,

00:20gawin po natin yung example.

00:21Ako po, ang kaya po lang isave sa banko,

00:24sabihin natin, 10,000.

00:27Okay?

00:28Si Sir Romy,

00:30sabihin natin, marami siyang pera.

00:33At si Sir Romy kasi nakikita ko eh.

00:36Mas maraming pera si Sir Romy eh.

00:38Okay?

00:39Ngayon, si Sir Romy,

00:41marami siyang pera.

00:43Ang ginagastos niya ngayon,

00:44sweldo pa niya ng year 2020.

00:47Masweldo niya ng 2021

00:49hanggang hindi pa niya nag-agalaw.

00:51Savings niya yun.

00:52Okay?

00:54Si Sir Romy, kaya niya mag-impo

00:55ng 10,000,000 sa banko.

00:57Sabihin natin na doon,

00:59ako 10,000 lang ang kaya kong isave.

01:02Yung 10,000 ko,

01:03kikita ko ng

01:04more or less

01:06mga 6 na piso

01:07sa isang taon.

01:09Yung 6 na piso na kinita,

01:11interest,

01:12itatax ng 20% ng gobyerno yun.

01:15Okay?

01:16Klaro tayo doon?

01:18Ngayon, si Sir Romy,

01:19si Sir Romy,

01:22meron siyang 10,000,000.

01:23Kaya niyang i-let go

01:25yung 10,000,000

01:25for 5 years

01:26na hindi niya gagalawin

01:28kasi marami siyang pera eh.

01:30Dahil marami siyang pera,

01:32yung 10,000,000 niya

01:33kumikita ng

01:34500,000 sa isang taon.

01:37Dahil kaya niyang

01:38i-impok yung 10,000,000

01:39niya sa saanlob

01:40ng 5 taon mahigit.

01:42Sa 5 taon,

01:43ikita siya ng

01:442,500,000.

01:47Imagine ha?

01:48Ako na kinikita ko

01:496 na piso sa isang taon

01:51itatax ako ng gobyerno.

01:53Pero dahil si Sir Romy,

01:55meron siyang 10,000,000

01:57na kumita ng

01:582,500,000 sa loob

02:00ng 5 taon,

02:01hindi siya tinatax ng gobyerno.

02:04Payag ba tayo sa ganon?

02:06Na siya na maraming pera,

02:08may kakaya magbayad ng buwis,

02:10hindi sinisigil ng gobyerno.

02:13Pero tayo,

02:14tayo na konti lang

02:15kinikita ang interes,

02:17tinatax tayo ng gobyerno.

02:19Yun yung bagong batas

02:21na dapat maintindihan

02:23ng lahat.

02:24Ang hindi lang po kasi maganda

02:26kung namalabas sa social media,

02:29parang tamit yung batas eh.

02:31Kasi savings ang tinatax,

02:33maling-maling po yun.

02:35Kaya kailangan,

02:36tulungan po natin

02:37ang isa't isa

02:37na ipaliwanag,

02:40i-deceminate,

02:41ipaliwanag po natin

02:42ano ba talaga yung

02:43intention ng batas.

02:44Klaro kung bayo!

03:16We're right back.

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