Yearly wages reaching Php250K should be exempted from income tax starting January 2018, proposes Senator Recto

MANILA, Philippines (Eagle News) — Senator Ralph Recto proposed that starting January 2018, those who have a yearly wage of Php 250,000 should be exempted from income tax.

Recto said that the government will not lose money if those earning Php 250, 000 yearly were exempted from taxes.

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