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.
Hi! Thanks for the info. When will the law be operational? Will it need Implementing Rules and Regulations from the BIR before it comes into effect? I’m a bookkeeper in a small firm and I wonder how it will affect us. Sobrang over-rated naman ang batas na ito… kakapiranggot lang naman pala ang magiging benefit sa mga taxpayers. Kinuha na lahat ni GMA ang credit pero kung tutuusin dapat matagal na nga yang isinabatas.
That’s exactly my point. Before people starts rejoicing about this development, it’s better if they do a reality check first.
I’m not aware of the what becomes of the implementing rules and regulations. Last time I checked the BIR website, they have one but a “draft” one. I don’t if it’s final already as of today.
Thanks for commenting. After a long time, watching my traffic spike up because of this post, one did really bother leave a comment. Thanks again!
The bad copy was good enough on large screen. The law is good enough, too. Trouble is, BIR wants to cut the benefit in half instead of allowing it for the entirety of 2008. Gobyerno natin talaga!
[...] is breaking records after records as regards pageviews and visits after I posted about RA 9504. But unfortunately, only a few bothered to leave a [...]
Sabi ng Classmate ko sa MBA (coz he is from an auditing firm and his assignment is on Tax) it will be effective this July but when I asked our payroll department he told me that the implementing rules and reglation is on hearing yet (thus it is subject for approval pa?). Wala pa raw final IRR….. kelan ba talaga at sino ba papaniwalaan ko. Hope you can help me
The last news i got regarding its implementation date is July 6, 2008. To follow pa daw ang Guidelines ???
Hope you can help us..
Kung implementation lang ang iniisip ninyo, fully implemented na. Kaya lang nagkakagulo ngayon ay dahil gusto hatiin ng BIR ang implementation. That is, from Jan-June, they want to implement the old law, then itong bago July to December lang. So in effect, ang exemption ng “single” ay 10thou lang for Jan-June and 25thou for July to Dec.; ang HF 12.5thou Jan-Jun, 25thou July-Dec, and so on . . .
Magulo di ba? Dapat kasi, implement na lang for the entirety of 2008, tapos! Di na kailangan pang hintayin IRR ng palpak na BIR!
Sa totoo lang, tayong may mga babayaran pa din, maliit lang ito. Pero sa minimum wage earner, malaking bagay ito,…. kay okay na din.
Well, that’s not exactly my point. My point is, these politicians should stop rejoicing over themselves ‘coz they haven’t given even half of what we deserve.
Dapat 200 pesos lng ang babayaran nating tax monthly.. mapupunta lng naman yan sa bulsa ng mg politicians.. if we are receiving minimum or above minimum wage pinaghirapan din nman natin to.. doon nlng cla mg focus sa evat na yan at saka kong bumibili tayo ngbabayad din naman tayo ng vat. Do u think politicians are religiously paying income tax? Congress alisin nyo na ang witholding tax….
I went ito seminar yesterday of the PMAP, sabi nila dun, As of Aug. 6, 2008 5 pm, nagpalabas nanaman ng bagong draft ang BIR, kase maraming butas pa ang unang draft, like for instance, people are currently receiving minimum wage, so wala silang withholding and tax but on the moment for the same year that they have an incremental increase or merit basta nagkaroon ng increase rectroactively all there income be taxable, the burden was kailangan humabol sa tax ng previously minimum wage earners, and ang laki ng kailangang habulin!! badtrip db?!?!
Isa pa sa issues ay ung rates from different regions, the assignment of person from NCR receiving a minimun of 382 per day, so what will happen daw, kailangan daw bang ibaba ung wage nung tao? ang gulo db?
Finally, some people will also abusely do it by having much overtime, nighshifting. and the burden was those people earning above minimum ng konti, sobrang degrading!
So for BIR, sana before magset ng deadlines, finalize it first. and pahabol lang, my quarterly alphalist na ang deadline ay 5th day of the following month after the quarter and the semi-annual alphalist deadline ay August 31, 2008!!! Its a BIG burden on the part of the accountants and Payroll master!!!!
Hi Vj, I sympathize with your situation. Eto namang mga mambabatas natin bsta bsta lng gumagawa ng batas na maraming butas.
I say, overhaul the whole NIRC law. Not just amend a portion of it!
[...] head of family, married, plus dependents), which is the subject of the amendments contained in RA 9504. Nothing more, nothing less. Why, are you looking for [...]
{….} db prang nloloko lng tau ng mga taga BIR n yn,d na ntin alam kng saan tlaga npupunta ang mga knkaltas s atin lalo n s mga maliliit n mangagawa puro cla tax cla lng ang nkikinabang s mga pinagpguran ntin. ibaba ang tax ng mga mangagawa,npakalaking bagay nit pra sa atin ng saganon mabawasan ang pamamasyal ng mga politiko n yan sa ibat ibang bansa gamit ang pera ng taung bayan… wlang halaga ang mga batas nyo kong d nman nka2tulong s taung bayan..
Ewan ba naman ang mga opisyales natin, aprub na yang new tax exemption pero wala pang implementing rules and regulations. Lokohan na talaga ito. Gusto nila makakalamang pa rin sila sa dami ng kukurakutin nila sa gobyerno. Nagsisisi pa ata sila sa pag abrub ng RA 9504 kasi mawawalan sila ng kukurakutin
ask ko lang po, for curiosity sake, bakit po from 8,000 dati, ginawa nilang 25,000 ung personal exemption? nu po sa tingin nyo… thnks po for our thesis po kasi…
syempre, sa mahal ba naman ng matrikula ngaun eh, kulang pa yang adjustment na yan.
ang masasabi ko lang, di ba pwede na bago ipamalita sana ready na ang lahat hindi puro propaganda, pahirap sa employer ang pag explain sa mga tao na wala pang IR ang nasabing issue. tapos pag tatawag sa bir ang sagot nila nasa finance pa hanggang ngayon??? ang hirap sa part ng employer na di gaano mataas sa minimum ang rate ng mga tao kasi kinakaltasan parin pano kung puro refund e di abono naman ng employer yan….tapos employer din hirap mag explain dahil balitang balita na na bababa na tax at wala na for minimum earners. may conflict pa dun sa part na “minimum earners or not above 10k salary. paano yung wala pang 10k a month pero above min. rate sa provincial rate ? may tax na tapos wala namang OT, tapos yung minimum na may OT lumalabas mas mataas kita nila pareho lang naman gastusin….di narin naman kaya ng mga employer mag taas pa ng sweldo…..ay naku…..kawawang Juan dela Cruz….pasan ang cross….
we have computed the refunds of our employees in accordance with the provisions of RA 9604.. do you mean hindi pa pala dapat implemented yun? but in effect ganun din naman db? refundable pa rin..di na kasi ako na update about the guidelines..magulo talaga.please give me update..
i just want to ask.. kelan ba talaga lalabas ang FINAL IMPLEMENTING RULES for RA9504? Araw araw ko inaabangan ang paglabas nito sa BIR site but up to now, wala pa din.. Grabe.. pahirap talaga ang BIR na yan.. Kung kelan end of the year na saka nila ilalabas.
Sana isipin naman nila na hindi biro ang magkwenta. Two months na sana naeenjoy ang tax relief na yan ng mga empleyado. What’s taking BIR so long..
Ang hirap naman kaseng iimplement na agad at baguhin ang kwenta ng WT ng mga employees tapos mali naman pala.
hello BIR.. maawa naman kayo.. ilabas na nyo yan….
I just want to ask kung ano na ang status ng IRR ng RA 9504..habang tumatagal kc syempre mas lalaki pa yung kelangan i-refund..and we can’t implement naman in the absence of the IRR kc bka mamaya mag-iba na naman..it is very troublesome sa tulad kong nasa payroll…plus the burden of explaining to the employees..
Grabe talaga yang mga taga BIR, nakalagay n sa Draft IR n ang kailangan nilang documents eh “NSO copy for the attachment” tapos iba nnmn ung sasabhin nila when you have called, eh db kailangan nga ng hierarcy un. una NSO copy, kapg hindi available ung NSO copy saka lng pedeng maging approved ung ibang copy like the certified true copy of such documents!! grabe talga ito!! ang hirap mag explain!
hello.. gud day. bakit ba kse ang tagal tagal ipalabas yan lahat pinahihirapan nila. sana naman bago sila magpalabas ng ganyan sa publiko eh approved na. para masaya kaagad
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matagal ng effective ang law, kaya pwede ng mag-adjust ng tax or magcopmute ng new tax…the argument only is whether the application is retroactive from jan 08, which is not, based on the draft IRR, so icompute na lang based on the draft….kung di sila makapaglabas ng final IRR, it could be presumed that the application is retroactive, but then it is safe to compute based on the draft IRR.