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Sunday, January 1, 2006

TAX Exemption for minimum wage earners?

Recently Sec. Patricia Sto. Tomas of DOLE announce that all employee with minimum wage will be exempted from paying their withholding tax! Starting this fiscal year! And so long for as the employee is earning a minimum wage! - That's great right?! Especially for us minimum earners!

But BIR Secretary Guillermo L. Parayno told that, the president has no authority to issue such order! And that should it be implemented, the employee shall pay the government his/her due if the congress said otherwise!

Meaning to say, if madam President sign and order the said recommendation BUT the congress did not approve it! The employee's shall REFUND the government its dues!

How's that for our Christmas and New Year gift! Cool ha as in coolang sa pag-iisip!


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