Health Insurance Given to Employees May be Taxable
Per RMC 50-2018, the premium on Health Card paid by the employer for all employees, whether rank-and-file or managerial/supervisory, under a group insurance shall be included as part of other benefits of these employees which are subject to the PhP90,000.00 threshold. The new ceiling of 13th month pay and other benefits of P90,000.00 offers a wide range of opportunity to augment the income of employees without tax implications. Legal Basis of this benefit is RA 10963. Under Section 9 of the [...]