01
Mar
MINIMUM WAGE EARNERS WHO SUFFERED DEDUCTION FOR THE PERIOD JANUARY TO JULY 2008 ARE ENTITLED TO TAX REFUND
On July 6, 2008, R.A. 9504 took effect giving tax exemption on Minimum Wage Earners (MWE). The BIR required that those exempted should still pay tax from January 1, 2008 to July 5, 2008, or the so-called pro-rated application, prior to the effectivity of tax exemption law for MWE. Is the BIR correct in pro-rating the tax exemption? No. The Supreme Court said that there is no reason to make a distinction between the income earned prior to the effectivity of [...]