Labor group bats for P500,000 – P600,000 income tax exemption ceiling

MANILA, Philippines – While welcoming moves to raise the threshold of annual income tax exemption to P350,000, the Federation of Free Workers (FFW) on Wednesday said this should be further increased to P500,000 to P600,000 amid the rising cost of basic goods and services.

“This is our computation: If P350,000 is the exemption, the biggest ...