Middle class Filipinos seen to benefit from proposed increased income tax exemption

The Manila Times

Middle class Filipinos seen to benefit from proposed increased income tax exemption  Finance Secretary Frederick Go expects middle-class Filipinos to benefit from the proposed increased income tax exemption threshold. Go estimates around P15,000 additional income for workers earning P250,000 to P350,000 annually. Meanwhile, those earning above P350,000 is expected to earn a maximum of P17,500 additional income.  VIDEO BY MYKA ARCEO  Check out our Streaming Channel: https://streaming.manilatimes.net/  Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe  Visit our website at 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 Tune In: https://tmt.ph/tunein  #TheManilaTimes #TMTNews #Income #Philippines

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00:00hold of the personal income tax exemption so this will include of course the great middle class

00:06and everybody above that as well because it will be those earning between 250 to 350 000 annually

00:14will enjoy up to 15 000 pesos in additional annual net income or net take home pay while

00:23workers earning 350 000 and above can receive up to a maximum of 17 500 more in income tax relief

00:33that will translate to up to 17 500 pesos more in annual take home pay so this means of course

00:42there will be a bigger share of hard-earned income that can go towards everyday needs

01:15you

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