New Tax Guidelines

Now that BIR has already finalized their guidelines about the new tax computations we’re now implementing it to our system. We’ve adjusted our payroll now and I was glad to see that this increase in tax exemptions will help many people especially minimum wage earners which will be tax-free. If you must know an ordinary employee earning minimum wage will be receiving their salary full and those who earns a little above minimum will only have very minimal amount of tax – a hundred or so depending on their dependents. I must thank the people behind this new law regarding tax.