Understanding Income Tax Exemptions in the Philippines | SINO ANG MGA EXEMPTED SA INCOME TAX

Understanding income tax exemptions in the Philippines can help you legally reduce your tax burden. In this video, we break down who qualifies, what types of income are exempt, and how these rules apply in real life. Ideal for employees, freelancers, and small business owners aiming to save more and stay compliant.

Learn how the Tax Reform for Acceleration and Inclusion (TRAIN) Law impacts individual taxpayers, minimum wage earners, senior citizens, and persons with disabilities (PWDs). We'll have examples for each category for minimum wage earners, senior citizens, OFWs and PWDs. Understanding these tax benefits can help you save more and plan your finances better!

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⌚️ Time Stamps:
00:00​ Intro
00:41 Minimum Wage Earners
02:01 Senior Citizens & PWDs
03:39 Annual Income Below P250K
04:39 OFWs
06:03 Cooperatives
08:22 Outro

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Disclaimer:
This video is mainly for educational purposes and is not a substitute in doing due diligence. For highly technical tax issues, seek professional assistance or contact BIR for proper tax compliance.