About this document
RA 7167 Tax Exemptions Explained by Pearl Amwao is a document available to read on EtoBox.
RA 7167 increased personal and additional income tax exemptions to alleviate the economic burden on lower income taxpayers. The law took effect upon approval on January 30, 1992. Umali filed a case arguing RA 7167 should apply to income earned in 1991. The Supreme Court agreed, finding the clear intent of the law was to make the increased exemptions available when filing 1991 income tax returns by April 15, 1992. Revenue Regulations 1-92 improperly deferred the increased exemptions to 1993, contradicting th
- Author
- Pearl Amwao
- Language
- EN