MANILA, Philippines — The House of Representatives on Monday passed on third and final reading proposed legislation that would provide income tax relief to medical frontliners for the taxable year 2020.
With 235 affirmative votes, zero negative, and no abstention, the lower chamber approved House Bill No. 8259, or the “Handog sa mga Bayaning Lumaban Kontra COVID-19 Act,” which exempts medical frontliners from paying 25 percent of income tax due for the taxable year 2020 in a move to show the government’s appreciation for their service amid the coronavirus pandemic.
Under the proposed law, the coverage of the tax exemption is limited to salary or compensation from the exercise of …
Keep on reading: House approves bill giving income tax relief to medical frontliners