Panukalang batas na magpapababa sa income tax, minamadali na ng Kongreso

admin   •   September 4, 2014   •   4482

Minamadali na ng kongreso na ipasa ang panukalang batas na magpapababa sa binabayarang income tax sa bansa ng mga middle class earner (UNTV News)

MANILA, Philippines – Mas magiging malaki ang take home-pay ng isang middle class earners kung maipapasa bilang batas ang panukalang Tax Reform for Inclusive Growth (TRIGR).

Sa kasalukuyan, ang minimun wage earners sa National Capital Region (NCR) ay tumatanggap ng sahod na P466/day o nasa mahigit P12,000 kada buwan.

Lampas sa halagang ito ay pinapatawan na ng 32% tax.

Sa nasabing panukalang batas, ia-adjust ang tax bracket. Ang papatawan na lamang ng tax ay ang mga sumusuweldo ng P24,647 na nasa bracket 2.

Ibig sabihin, kung ang isang guro na nagbabayad ng buwis na mahigit P30,000 kada taon ay magiging P9,149 na lamang ito. Aabot sa mahigit 20-libong piso ang maiuuwi nito sa kanyang pamilya.

Nais ring gawing mas simple ang computation ng tax gaya ng pag-aalis sa mga deduction.

Ang lahat ng kumikita ng P173,000 hanggang P445,000 pesos kada taon ang nangangailangan lamang magbayad ng 9% tax.

17% naman sa P445,000 hanggang P10-million, habang 30% naman ang sisingiling tax sa mga kumikita ng lampas P10-million kada taon.

“We cannot give them additional salary, so ang paraan nating pwedeng gawin eh by reducing taxes so that they will have more money sa pangangailangan nila sa araw-araw,” pahayag ni House Committee on Ways and Means Chairman, Rep. Miro Quimbo.

Ayon naman sa Department of Finance, aabot sa P30-billion ang mawawala sa bansa kung ibababa ang singil sa buwis.

Aniya, kailangan muna itong pag-aralan nang husto upang hindi maapektuhan ang financial stability ng bansa.

“We may have to borrow then we have to increase our deficit target,” saad ni Finance Usec. Jeremias Paul Jr.

Tutol naman ang ilang empleyado ng gobyerno sa naging pahayag ng DOF.

Ayon kay Nene Rafael ng Metropolitan Trial Court Manila, babalik din naman sa gobyerno ang kanilang natipid na tax sa pamamagitan ng pagbili ng iba’t ibang taxable product.

“Kasi tayong mga empleyado, we do not keep our money in our pocket pag may bonus tayo we spend it kaya doon din mapupunta, meron tayong VAT anuman bibilhin natin ung tax nundoon din napupunta.”

Sa pag-aaral ng kumite 85% ng nagbabayad ng tax ay ang mga salary earners o ang mga nagtatrabaho sa opisina dahil otomatiko itong ibinabawas sa kanilang mga sweldo.

51% lamang ng mga self- employed professionals gaya ng mga doktor, abugado at inhenyero, habang 30% lamang ng mga self-employed non-professionals o ang mga may maliliit na negosyo.

“Ang taas na nga ng buwis pero kami lang pala ang komokolektahan hindi pala nagbabayad talaga yung mga professionals at self-employed businessmen, hindi nagpapayad practically kaya nagdudugo ang ordinaryong kawani dahil kami na lang pala ang inaasahan,” saad pa ni Quimbo. (Grace Casin / Ruth Navales, UNTV News)

Finance dept. orders fund agencies to craft cyber defense strategy

Robie de Guzman   •   October 7, 2020

MANILA, Philippines – The Department of Finance (DOF) has ordered government financial institutions (GFI), state-run pension fund, insurance agencies, and revenue and treasury agencies to work together in formulating a shared policy to shield their respective systems from possible cybersecurity threats.

In a statement, Finance Secretary Carlos Dominguez III said the move is in line with the Duterte administration’s initiative to fast-track its digital transformation and strengthen the cybersecurity of key agencies against potential attacks, and data breaches in the digital landscape.

“We are keen on institutionalizing this cybersecurity program. As the Duterte administration fast-tracks its digital transformation initiatives to meet the challenges of the emerging New Economy, we must also see to it that we have the capacity to defend our critical systems from cyber-attacks from third parties and other possible hazards,” Dominguez said.

“Investing in cybersecurity is not only a crucial national security concern, but is also indispensable to protecting sensitive citizen information stored in the systems of our GFIs and other state-run institutions,” he added.

In line with this, Dominguez instructed GFIs and other agencies under his department to enter into an agreement on shared cyber defense strategy.

These agencies include the Land Bank of the Philippines, United Coconut Planters’ Bank and the Development Bank of the Philippines; the Insurance Commission, Philippine Health Insurance Corp., Philippine Deposit Insurance Corp., Government Service Insurance System and Social Security System; and the Bureau of the Treasury, Bureau of Internal Revenue, and the Bureau of Customs.

Dominguez said he has also ordered the creation of a working group composed of representatives from these agencies to work on identifying the potential cybersecurity threats and cases of cyber fraud that they may encounter, and on determining ways of eliminating or mitigating these risks.

He said the government may tap the expertise of the private sector in coming up with a joint cyber defense strategy.

The Finance chief also said that the government is taking a prudent approach to protecting the country’s financial “infostructure,” especially at this time when the digital space has become vulnerable to a wide range of sophisticated cyber attacks and threats.

“We are serious in protecting our national interests and ensuring the safety of citizen information so we are taking steps to heighten our digital protection strategies,” Dominguez said.

LGUs urged to adopt digital tools to improve services, revenue generation

Robie de Guzman   •   October 6, 2020

MANILA, Philippines – The Department of Finance (DOF) on Tuesday called on local government units (LGU) to switch to digital technologies to vastly improve the delivery of frontline service and to generate more revenues.

In a statement, Finance Secretary Carlos Dominguez III said LGUs should also start working with the national government in preparing for the seamless transfer to their offices of the additional devolved functions, services, and facilities that they would have to assume with the implementation of the Supreme Court’s ruling for an expanded internal revenue allotment (IRA) share of LGUs.

The high court’s ruling on the LGUs IRA share will be implemented starting 2022.

Citing the Supreme Court’s Mandanas doctrine, the DOF said that the IRA share of LGUs should come from all national taxes, as mandated under the 1991 Local Government Code, and not from just the taxes collected by the Bureau of Internal Revenue (BIR) within the respective jurisdictions of LGUs.

This expanded revenue coverage means the IRA share of LGUs should also include other taxes such as those collected by the Bureau of Customs (BOC), the department said.

Dominguez said this sizable IRA increase for LGUs will let them pump-prime their respective local economies in the “new economy.”

“As we anticipate a new economy in the post-pandemic era, we strongly encourage our LGUs to adopt digital technologies to efficiently deliver frontline services,” he said.

“This should include the processing of business registration and the collection of local taxes. Investments in information technology will not only make for more responsive governance, it will improve revenue generation of our LGUs,” he added.

He also said that with the end of the public health emergency triggered by the pandemic’s remaining uncertain, the government should “continuously build up its fiscal resilience by optimizing the revenue generation capacity at both the local and national levels, and improving tax administration.”

The Finance chief likewise expressed confidence in the country’s ability to regain its growth momentum by next year with the help of several fiscally responsible economic stimulus measures.

“We remain confident that we will win back our growth momentum by next year. A lot will depend on whether we can revive consumer confidence and domestic demand,” Dominguez said.

“Let us work hand in hand to beat this pandemic. We have a future to win,” he added.

DOLE identifies ‘resilient’ jobs in NCR amid pandemic

Robie de Guzman   •   October 1, 2020

MANILA, Philippines – The Department of Labor and Employment (DOLE) on Thursday cited a number of “resilient” jobs in the National Capital Region (NCR) that “withstood the impact” of the novel coronavirus disease (COVID-19) pandemic that rendered millions unemployed.

In a statement, Labor Secretary Silvestre Bello III said online job postings for workers with skills in health care, logistics, information technology, business process management, education, and construction are rising.

He also noted that under the health care and wellness sector, requirements are increasing for medical doctors, nurses, medical and radiologic technologists, pharmacists, psychologists, medical researchers and writers, and wellness trainers and representatives.

Citing records of the Inter-Agency Task Force on Emerging Infectious Diseases (IATF-EID), Bello said the government through the Department of Health hired a total of 8,056 health workers out of the 10,693 job openings for doctors, nurses, and other health care workers under the emergency hiring program to augment medical front-liners battling the COVID-19 pandemic.

“They were deployed in public hospitals, diagnostic facilities, isolation and quarantine sites, local government units, and other hospitals and COVID-19 referral facilities,” the labor chief said.

Of this number, nurses account for the highest number of hires by profession at 2,701, followed by medical technologists at 1,356, he added.

Bello also said that there are more than 10,000 job opportunities in the business process outsourcing (BPO) industry such as customer service representatives, technical support staff, frontline/specialists, supervisors, trainers, managers, and others for the human resources and recruitment, finance, information technology, and marketing sectors.

He added that increased demand for workers in the construction sector has also been observed, specifically for heavy equipment operators and safety engineers.

“The government has significant allocation for the Build, Build, Build program of the government in the proposed national budget for 2021 so we could expect more jobs in the construction towards the following year,” he said.

With most schools conducting only virtual learning for several weeks and months of the new school year, Bello said demand for on-line Instructors are picking up under the education sector.

Also promising is the logistics sector where demand for transport network and vehicle service drivers is going strong due to a switch in consumers’ buying habits during the pandemic.

For instance, DOLE NCR Director Sarah Buena Mirasol said the PESO-Quezon City facilitated the hiring of at least 500 food service delivery personnel for Food Panda, Lala Jeep, and Grab Food.

Similarly, PESO-Mandaluyong is set to facilitate the employment of its locally displaced tricycle drivers.

“An estimated 300 displaced workers are projected to benefit from this LGU intervention,” she said.

Mirasol said the resilient jobs were identified from the situation and labor market landscape of the region based on the recently conducted environmental scanning research.

While it is important to develop one’s industry-specific hard skills, Mirasol pointed out that “specific essential skills such as adaptability, technology know-how, creativity and innovation, critical thinking, emotional intelligence, and leadership skills are necessary for workers to cultivate in order to survive and thrive in the new normal.”


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