DepDev chief supports income tax relief proposal

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Originally published byPhilippine Daily Inquirer

MANILA, Philippines — Economic Planning Secretary Arsenio Balisacan backed on Thursday a tax relief proposal that would increase workers’ take-home pay by raising the threshold for income tax exemptions from P250,000 to P400,000 annually, as well as other compensation, like service charges. “I am in favor of reducing taxes, especially those that burden the poor […]...

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