Share on facebook
Facebook
Share on twitter
Twitter
Share on email
Email

House ok’s tax exemption on poll honoraria

The House of Representatives approved on final reading yesterday a measure exempting election servers, such as members of the Board of Election Inspectors, from having their honoraria subjected to income and other withholding taxes.

With 202 affirmative votes, 0 negative votes, and no abstention, the lower chamber passed on third reading House Bill 9652, that would provide income tax exemption to compensation of BEIs and other election personnel, typically public school teachers for serving in the national and local elections.

The bill seeks to amend the National Internal Revenue Code of 1997 to exclude election-related honoraria and allowances from the computation of gross income.

Nueva Vizcaya Rep. Luisa Lloren Cuaresma, the author of the bill, said the measure will allow teachers to fully enjoy the full amount of compensation and recognize their notable service even in hazardous environments during election season.

Cuaresma noted that the compensation teachers receive is usually subjected to income tax.

“As a result, the hard-earned compensation being earned by teachers, which to some extent, becomes the price for their safety and lives, is being reduced to a meager amount that is barely sufficient to augment their other source of income,” she said in a statement.

Data from the Commission on Elections showed that taxes withheld for the 2019 National and Local Elections amounted to P56.8 million.*PNA

Share on facebook
Facebook
Share on twitter
Twitter
Share on email
Email
ARCHIVES

Read Article by date

December 2021
MTWTFSS
 12345
6789101112
13141516171819
20212223242526
2728293031 

Get your copy of the Visayan Daily Star everyday!

Avail of the FREE 30-day trial.