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Are the personal exemption and additional exemption still the same under the TRAIN law?

Home / FAQ / Are the personal exemption and additional exemption still the same under the TRAIN law?

The personal and additional exemptions previously, provided under Section 35 of the 1997 Tax Code, as amended, have been removed under the TRAIN Law. Starting January 1, 2o18, said exemptions of individual taxpayers were replaced with the first P250,000 of taxable income which is now subject to zero percent (0%) rate of income tax, practically exempting such income from income tax.

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