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26 Jan, 2016

House approves tax exemption

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The ways and means committee of Philippine Congress approves House Bill 6367, which seeks to exempt Wurtzbach from payment of taxes arising from her winnings from the international pageant. The Bill filed by the Cagayan de Oro representative is approved unanimously. During the hearing, Bureau of Internal Revenue (BIR) lawyer says there will be no double taxation on Wurtzbach’s earnings from the pageant as long as she submits the necessary documents.

The US may have already taxed Wurtzbach on the prizes she received there. If she wants the tax she paid there credited in the Philippines, she has to submit the documents as proof of the same.

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