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Tuesday, June 17, 2008

 

President to sign new tax exemption law

Measure exempts minimum wage earners from paying income tax, gives higher exemptions to employees

President Gloria Arroyo will sign into law Tuesday the measure that will exempt minimum wage earners from paying income taxes, and increase the personal exemptions for employees.

The tax exemptions would translate into an additional take-home pay of P750 a month for minimum wage earners, according to Sen. Mar Roxas, the principal author of the measure.

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O T H E R   R E P O R T S

 

The Department of Labor and Employment today said that the new wage hike for minimum wage workers in the private sector in the National Capital Region (NCR) took effect Saturday, June 14, 2008.

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The Metro Manila Development Authority (MMDA) said Monday that they would elevate a recent Court of Appeals decision, which declared two of the agency’s traffic programs void, to the Supreme Court.

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An active policeman and five other suspected members of a criminal gang have been killed in a firefight with police in Quezon City, an official said Monday.

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Telecommunication companies in the country are “undertaxed” and the government should find a way for it to tax them properly, an official of the National Telecommunication Commission disclosed on Monday.

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HAVING less will now mean more for the teaching profession in public schools, as Education Secretary Jesli Lapus finally signed the implementing guidelines allowing teachers to render six hours of actual classroom teaching instead of the usual eight hours—a rule stated in the teachers’ Magna Carta for the last 42 years.

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The increasing cases of human smuggling in the Ninoy Aquino International Airport (NAIA) and other major airports will be investigated by the Department of Justice starting on Wednesday.

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Severino O. Frayna Jr., Benjie Dela Rosa
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