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Wednesday, July 09, 2008 (Philippines)
THE Bureau of Internal Revenue (BIR) in Dumaguete City has projected a reduction of P95 million from its yearly withholding tax collection on wages this year.
Lawyer Arturo Acabal, officer-in-charge of the district revenue office, said Dumaguete revenue district will not meet this year's target collection with the implementation of the Republic Act (RA) 9504 or the measure exempting minimum wage earners from paying income taxes.
Arroyo Watch: Sun.Star blog on President Arroyo
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