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House panel OKs tax relief

Manila, Philippines -A House of Representatives panel has granted a P50,000 tax exemption for taxpayers caring for disabled dependents in their taxable income.

The House Committee on Ways and Means recommended the approval of House Bill (HB) No. 3765, a measure that consolidates all legislative proposals granting additional taxable income exemptions for taxpayers who have physically handicapped persons as dependents.

The bill seeks to amend Section 35(B) of the National Internal Revenue Code (NIRC) of 1997, as amended by Republic Act (RA) No. 9504, by providing an additional exemption of P25,000 for each taxpayer’s dependent without disability and P50,000 for each dependent with disability.

Principal author and Pangasinan Rep. Marlyn Primicias-Agabas said an additional P50,000 exemption on taxable income comes a long way in alleviating the lives of many parents who are taking care of disabled children.

“The proposed measure may not work in favor of the government but it will definitely alleviate the burden of many of our people who have dependents with disabilities who need more care and attention which, in turn, require extra expenses and costs,” Agabas said. (Ben R. Rosario)