Republic Act 9504
An Act Amending Sections 22, 24, 34,35, 51 and 79 of Republic Act no. 8424, as amended, otherwise known as The National Internal Revenue Code of 1997
Looking at the stats of this site, I’m sure many are already looking for a copy of the law. I have good and bad news: the good news–I have a copy of the law; the bad–I have a bad copy.
Download: RA-9504 pdf (440kb)
As expected, there were no changes in the progressive tax table. Our lawmakers and our President sure have gained credits for themselves for passing the bill into law. But it only did affect the personal exemptions allowed for most of us taxpayers. Only a part of the taxable income was adjusted, not the whole.
Come to think of it, rice in 1997 was (at the maximum, maybe) P20 per kilo. Now, how much is it? You can answer that question. That’s basically how inflation has gone up since 1997, when the original law (RA 8424) was enacted.
There are 135 subscribers in Deuts.NET. Count yourself in and subscribe to the latest updates.
43 Responses to “Republic Act 9504”
To change your avatar, register and upload your avatar at gravatar.com.
09-12-08
lahat ay covered ng new tax law including non-minimum wage earners…pero it is more advantageous to minimum wage earners, pwedeng wala na talgang taxable sa salary nila, dun naman sa above the minimum wage, mas mababa sa usual na deduction nyo ang magiging w/tax nyo.
About sa tax refund, mas mabuti na idefer ang refund until the release of the final IRR, pero pwede na rin magcompute based on the draft IRR na iniorient ng BIR….pero syempre depende pa rin yan sa company at sa accounting nyo.
09-12-08
saan po makikita ung balita na exempt ung 200k below ang compensation income?
09-14-08
Until now wala parin ang IR nayan. The last time I’ve check at the BIR Main’s Witholding division/dept was I think 3rd week of August, they told me that it was still at the finance for final approval. ANONG PETSA NA? Sabi nila baka release na that time wthin that week or next week. Then I have read in one newspaper na parang may umaapila pa, tama ba naman na ngayon pa magkaroon ng apilahan after maihayag na ang batas. Sa ngayon naninimbang kami, ang ginawa namin dahil karamihan refundable, dahil di naman kalakihan ang diperensya ng sweldo ng iba sa minimum, at may epekto nga ang 50K na exemption for every individual tax payor, lahat ng minimum wagers exempt na, then the rest, we took the average tax emption P50K plus yung dati ng exeption (ex. P50k+32k if married+25k if w/ 1 child) then we annualized. Yung minimum wagers nalang nag we- wait ng refund nila nung na w/held sa kanila from Jan-June2008. Kasi kung di gaganituhin at sinasabi nyo n yung draft ng BIR ay pwede na for signature nalang o ng finance e maiipon at lalaki pa refundable ntin kung hintayin pa natin yan, kahit pa nga sabihin nila na i-offset sa mga remittances ng susunod na buwan e konte na nga lang kasi nga bababa na din tax ng iba. at tumatagal pa pati ang daing ng ibang di kataasan ang sweldo at burden ng mga nasa payrol.
09-16-08 (Subscribed)
meron na ba kayong nabalitaan re sa deadline ng alphalist?? do we have to submit the Jan. – June alphalist this year?? or kasabay ba nung July – dec. submission??
09-18-08 (Subscribed)
Jacqui about your question on alphalist. Hindi pa rin sure kung paano ang gagawin because ang center ng argument is kung retroactive effect (which is dapat) or may transition period.
Based sa latest IRR na nasubmit nila..
1. Kailangan twice ipakita ang name ng isang employee sa alphalist by the end of this year.
2. Required magsubmit ng monthly alphalist for minimum wages sa Dept. of Labor or Wage Board.
Isa rin yan sa tinututulan ng business/accounting groups ang monthly alphalist for minimum wages. Dahil na rin sa dagdag trabaho ito para sa mga employer.
For any question pls feel free to ask… ^_^
09-20-08 (Subscribed)
i work as an examiner sa BIR and everyday may tumatawag sa office namin inquiring sa developments ng implementing guidelines sa hanep na RA na to. Nahaharass na kami minsan kasi marami sa kanila galit na. Madalas, yung mga empleyado mismo yung tumatawag, eh hirap pa paintindihin minsan kasi ang daming pinapalabas na media coverage na ganito-ganyan eh wala naman! Eh di naman kami pwede mag-base dun sa draft kasi nga draft pa yun, di pa final. Marami nang naiipit na accountants at payroll masters dahil sa tagal. Dapat kasi July pa yun lumabas eh, yun ang effectivity nun dba.
Sa mga accountants naman, sori talaga dahil kami na mga ultimo ng BIR ay nahihirapan tumulong dahil wala pa kaming basis. Lahat tayo naghihintay lang.
Parang pabango lang yata ang RA na to. Pampabuhay loob, kahit saglit lang. Eh kasi naman, binabaan yung tax ng mga employees, eh yung goal ng BIR ba bumaba? i dont think so. eh trilliones na nga yung budget for this year san kukuha yung gobyerno natin pangtustos sa “projects” nila? hay naku! ewan ko talaga jan!
09-25-08
tnong ko lang po kylangan ba tlaga mgsubmit ng 2305 ang lhat ng empleyado khit wlang changes sa status or khit wlang additional dependents? ang msaklap pa ang deadline is hanggang October 31 nlang as of dis year. Tapos ang gusto pa eh NSO certified pa ang mga birth certificate na requirements including all the qualified dependents. Tapos humihingi kmi ng 2305 form BIR e wla pa daw cla maibigay. E ang laking abala nman ata sa lahat ng mga empleyado ang nirerequire ng BIR. Unang unang kaylangan pa gumastos ng emplayado para mkakuha ng authenticated birth certificate nya pati ng mga dependents nya.
Tapus sabi dun sa draft regulation, failure to file 2305 the employer shall withhold the taxes prescribed under the Schedule for Zero Exemption e di pa nman final ang implementing guidelines na yan..Pano nman ung mga ibang companies na hindi pa nkakaalam nito? May penalty din ganon? Pano naman kc wla nmang circular letter na ipinapalabas ang BIR..Dapat kc ifinalize muna yang RA 9504 na yan pra maayos na lhat at mai explain ng mabuti sa mga tao kung ano man ang nirerequire ng BIR! hay naku!
09-25-08 (Subscribed)
hello chelsea, pasensyahan na natin ang BIR, talagang inefficient.. anyway, eto ang link ng FORM 2305 http://www.bir.gov.ph/birforms/form_cer.htm#2305 para maidownload mo na lang. and you can input na dito sa excel file ng FORM 2305 na ito wc i did.
suggest ko lang sa yo, i file nyo na din asap kahit meron or wala pa ang IRR ng 9504. at least sa side ng taxpayers, di tayo nagkulang para anytime maisipan ng BIR na ilabas ang IRR, ready to fight na tayo.. este ready to implement na tayo na di na tayo mahahanapan ng butas ng BIR. medyo tiis lang talaga kase kumuha pa lahat ng NSO certified marriage at birth cert ng dependents.
sa company namin, nag try na kme mag file ng 2305, buti na lang as early as now namin ginawa kase alam mo ba? Sa mahigit na 10 yrs na ng company namin, (6 employees lang naman kme), 1 lang sa amin ang nakaregister sa tamang RDO? kameng 5 ay kung san sang RDO nakaregister kaya….. we filed another form wc is the BIR FROM 1905 (Registration Information Update) whic should be filed… take note ha, sa RDO where you are registered (pray mo na lang wlang nakaregister sa inyo sa Visayas o Mindanao)
http://www.bir.gov.ph/birforms/form_apl.htm#1905 .
After one week na nareceive ng kanya kanya naming RDOs ang aming 1905, saka pa lang pwede ulet i file ang 2305 dun na sa RDO ng aming company.
HAYYY BUHAYY… hope makatulong sa yo
09-25-08 (Subscribed)
FINALLY!!!! THE MUCH AWAITED FINAL IMPLEMENTING RULES AND REGULATIONS OF REPUBLIC ACT 9504
ftp://ftp.bir.gov.ph/webadmin1.....0-2008.pdf
09-29-08
hi ms. nora, salamat for the info. finally lumabas na rin ang final draft atleast ngayon pwede ng idiscuss sa mga employees kung ano man mga requirements..tnx ulit =)
10-20-08
so are minimum wage earners exempt from income tax or just from withholding tax?
10-20-08
i attened a symposium las thur. but mlabo pa rin. d b un fair nan un to those above minum wage but are nt req’d to have ot, while there were many MWE whose overtime is double and sometimes even triple ther basic pay. and how about those whoe work on a per day basis? lets say their daily rate is 450, w/c is above the MW but the total basic pay per mont is about 9,OOO, w/c is below SMW of 11619 for NCR will he not be considered as MWE?
01-27-09 (Subscribed)
ano itong revenue memorandum circular no. 4-2009? extension of filing daw. until feb. 27 , kasi may ilalabas na bagong data entry..
03-20-09 (Subscribed)
kelan po b talaga na implement ang RA 9504,kc ung last naming HRD.hindi na kami kinaltasan ng tax,ngaung may bago na po kaming HRD.sabi nya ibabalik daw nya ang tax this coming march 31,2009 sa payslip namin.i will be waiting for the reply soon.thx and also about the 13th month pay pano po ba talaga ang tamang computation,base on daily basis po ba un o,base on gross income.