Questions and Answers
Taxpayers earning more than Php21,000 a month are exempt from paying Personal Income Tax (PIT).
False
Self-employed and professional taxpayers whose gross receipts or sales are below Php3,000,000 are exempt from paying taxes.
False
Taxpayers with annual taxable incomes over Php250,000 are exempt from personal income tax.
False
The 13th month pay and other bonuses amounting to Php90,000 are subject to tax.
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Self-employed and professional taxpayers whose annual salaries are Php500,000 and below are subject to 3% tax.
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