
President Benigno S. Aquino III, ushered by PTAA secretary general and Travel Tour Expo 2014 executive director Marciano Ragaza III, tours the booths during the Philippine Travel Agencies Association (PTAA) 21st Travel Tour Expo 2014 at the SMX Convention Center, Seashell Drive, Mall of Asia Complex in Pasay City on Friday(February 14) with the theme: “Love Life, Love Travel”. The Department of Tourism is projecting 2014 tourism revenues to hit P1.4 trillion, higher by P110.6 billion of the expected earnings from domestic tourism in 2013 due in large part to a forecasted increase in the daily expenditures of domestic tourists. (MNS photo) MANILA (Mabuhay) – If the bill seeking to increase the tax exemption cap for 13th month pay and other benefits would be passed into law, those earning up to P82,000 would also be covered. This after Senator Juan Edgardo Angara, the sponsor of the Senate Bill 2437 and chairman of the ways and means committee, has accepted the amendment by Senator Ralph Recto during the plenary deliberations to raise the tax exemption cap to P82,000. “I welcome the amendment of Sen. Recto, the resident tax expert of the chamber. He is correct in saying that if we are to follow the logic of the proposal, we must use the correct figure consistent with the inflation rate,” Angara said Wednesday in a press statement. The Senate on Tuesday evening approved on second reading the bill that seeks to raise the take-home pay of Filipino workers by increasing the tax Read More …








