More than half of NFA employees to benefit from TRAIN
The National Food Authority (NFA) expects more than half of its employees to take a higher monthly pay thanks to the Tax Reform for Acceleration and Inclusion (TRAIN) which President Rodrigo Duterte signed into law last month.
In a statement, NFA Administrator Jason Aquinosaid about 2,402 or almost 57% of NFA employees nationwide are now exempted from paying personal income tax under the new tax law.
“There are 1,545 NFA employees nationwide under salary grades 7-11 who will now be tax-exempt, in addition to the 847 employees who were already exempted under the old tax scheme,” Aquino was quoted.
Under the TRAIN law, the threshold for exemption was raised and employees earning an annual income of P250,000 and below will now be exempted from paying personal income tax, compared to just P180,000 in the previous years.