What is the maximum tax-exempt limit for the thirteenth-month pay and other benefits?
The total amount of the thirteenth-month pay and other benefits paid or accrued during the year has a specific tax-exempt limit. Pursuant to BIR Revenue Regulation No. 2-98, as amended by Republic Act No. 10963, this limit shall not exceed ₱90,000.00. Any amount received beyond this ₱90,000.00 threshold becomes subject to standard income tax. The Secretary of Finance may increase this limit upon recommendation of the Commissioner, considering inflation rates. 17-May-26About Nicolas and De Vega Law Offices
Nicolas and De Vega Law Offices is a full-service law firm in the Philippines. You may visit us at the 16th Flr., Suite 1607 AIC Burgundy Empire Tower, ADB Ave., Ortigas Center, 1605 Pasig City, Metro Manila, Philippines. You may also call us at +632 84706126, +632 84706130, +632 84016392 or e-mail us at [email protected]. Visit our website https://ndvlaw.com/.
