The Bureau of Internal Revenue (BIR) has "deleted" the provision imposing tax on health premiums paid by employers for their employees' health cards. The BIR issued the order after reviewing Revenue Memorandum Circular (RMC) 50-2018, which states that health card premiums are included in the computation of the P90,000 tax-free privilege on employee benefits and bonuses. Issuing RMC No. 96-2018 on Monday, BIR Commissioner Cesar Dulay said "the implementation of the pertinent provisions under RMC No. 50-2018 relative to the group health insurance premiums and director's fees, which were not affected by the provisions of the TRAIN Law, are hereby deleted from RMC 50-2018." The BIR issued...
Keep on reading: BIR cancels order taxing employees’ health card premiums
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