Sotto seeks to exempt public school teachers from paying taxes

Sotto seeks to exempt public school teachers from paying taxes Senate President Vicente Sotto III has recently filed a bill seeking to exe...

Sotto seeks to exempt public school teachers from paying taxes

Senate President Vicente Sotto III has recently filed a bill seeking to exempt public school teachers from paying income taxes.

Sotto has filed Senate Bill No. 241, otherwise known as an Act Providing Tax Relief to Public School Teachers by Exempting them from Income Taxation, Amending for the Purpose Sections 22 and 24 A of the National Internal Revenue Code of 1997. As Amended, seeks to exempt Teachers I, II and III from paying income tax.


The Senate President said he filed the bill because he wanted to improve the economic status of the teachers, who upon entry level, receive only a little higher than the minimum wage.

"By lifting the burden of paying the income tax, he said, teachers are given what they rightfully deserve. The measure is a gift for the teachers' unconditional love and sacrifice in molding the youth to be the future's leaders," Sotto said.


"Likewise, holiday pay, overtime pay, night shift differential and hazard pay received by Teachers I, II and III will not be taxable, " he added.

Sotto said, "This bill is in consonance with the Magna Carta for Public School Teachers which aimed to promote and improve the social and economic status of public school teachers, their living and working conditions, their terms of employment and career prospects,"

SOURCE: SENATE PRESS RELEASE

source https://www.depedtambayanph.net/2019/08/sotto-seeks-to-exempt-public-school_9.html