Tuesday, November 8, 2011

RA9504, Single individual even with dependents would now only have 50k exemptions?

As per orientation held last week in our office by our HR and Finance on the new BIR Regulation, I cannot avail the additional exemption of P25,000 for each my qualified dependents because I am single, meaning the additional exemption is only applicable for married? It is only a choice between being single or married.

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