It is unfortunate that the amendments that I and some of my fellow Senators sought to introduce to strengthen the safety net procedures didn’t seem to warrant collegial deliberations.
Among the salient features of the bill include the increase in take-home pay of government and private workers as the exemption on the annual taxable income has been pegged at P250,000 plus the P82,000 tax exemption for 13th month pay and other bonuses or an approximate tax-free monthly income of P21,000.
Despite the enormous interest in salt tectonics that is largely driven by the importance attached to salt in hydrocarbon exploration (e.g.
Archer et al., 2012 ), there are relatively few outcrop studies of salt diapirs, linear salt walls or allochthonous salt sheets.
The Senate version provides additional revenue-generating measures that are not in the House version of Train.
But both Senate and House versions provide for tax exemptions for those earning P250,000 and below.
Among the additional Train measures approved by the Senate on third and final reading are the doubling of the prevailing documentary stamp tax (DST) rates, except for property, which will remain as is, and loans, which will increase by 50 percent.