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Dealer of hardware and construction materials:
of the things we think, say or do
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Call center agents to save P28K under tax reform plan cheng ordoÑez, Section Editor
Thursday
October 27, 2016
Utility workers, messengers, clerks, drivers, carpenters, laboratory technicians, computer operators, engineering assistants, electricians, legal assistants, and entry-level teachers in gov’t service will pay zero income tax.
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By Cheng Ordoñez, Associate Editor
OOD news not only to workers earning not over P250,000 a year, but also to call center agents.
C a l l c e nt e r a g e nt s and other workers with a monthly income of, at least, P21,000 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. This was announced by Finance Undersecretary Karl Kendrick Chua, who said that 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 factoredin when computing their net taxable income, according to a DOF news release. “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 concurrent chief economist, said. The DOF tax plan also includes a proposal to adjust the fuel excise tax, which has
not been done since 1997, and expand the value-added tax (VAT) base to plug massive leakages. The DOF said this, taking into account the additional VAT that they would pay annually for goods and services, which is about P3,096, and the effect of a fuel excise tax adjustments on their expenses, which the DOF estimates at P1,522, their net savings would amount to P28,024. “Assuming that he or she commutes to work, the savings would also include an indirect subsidy of P1,500 because the impact on transport fares would only be minimal as a result of the From left to right: Joanne Cuento (TBP), Wilven Pinili, Leslee Rosales, Mylene Sison, Jerome De La Fuente (General cash cards that would be Manager), Joanna Abrera (INTAS Travel), Elen Turner, Kenneth Surat, Hanna Sobczuk, Yuki Ng, Antoine Le Guen, See reform, page B7
Violette Vauchelle, and Milo Dahilan Jr.
International Travel Bloggers explore Cagayan de Oro This year, Travel Blog Exchange, also known as TBEX, held its annual conference in our very own country, Philippines. Different travel bloggers and writers from around the world gathered for this event since it is the world’s largest conference of new media content creators and social media savvy travel industry professionals. Every single year, TBEX partners with fantastic destinations around the world to bring the travel industry’s most creative minds together
to learn, network and do business. Held on the 13th to 16th of October in the Philippines International Convention Center, this three-day conference was known to have brought the travel industry’s most creative minds together to learn, network and do business. After the conference, the delegates were assigned to groups for the post-trips. Each group was given a province in the Philippines intended for them to explore and blog about. See explores, page B7
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