16th Congress
Senate Bill No. 256

PHP75,000.00 CAP FOR INCOME TAX EXEMPTION OF THE 13TH MONTH PAY/CHRISTMAS BONUS

Filed on July 1, 2013 by Recto, Ralph G., Villar, Cynthia A., Legarda, Loren B.
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Long title

AN ACT INCREASING THE CEILING OF THE 13TH MONTH PAY, CHRISTMAS BONUS AND OTHER BENEFITS EXCLUDED FROM THE COMPUTATION OF GROSS INCOME FOR THE PURPOSES OF INCOME TAXATION, AMENDING FOR THE PURPOSE SECTION 32 (B), CHAPTER VI OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED

Scope

National

Legislative status

Consolidated/Substituted in the Committee Report (10/22/2014)
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