BIR planned on taxing voluntary contributions to SSS, GSIS, Pag-IBIG, PhilHealth

Hi! Wow this is really bad news. Why are they doing this. They already implemented VAT and I think this is too much because we are not seeing the result of our fervency tax payment. More corrupt officials will enjoy this, I'm sure and the people will only suffer.:(

What's about to be taxed are contributions in excess of the government mandated deductions which means that regular contributions are not covered. I think BIR has a point but if they're looking at those contributions to compensate for their failure to reach their targeted collections then that's not right. This only shows their lack of balls to go after the big fishes and they're now turning their heads to the daily wage earner. No less than Pnoy said in his Sona that a lot of professionals such as doctors and lawyers are not paying the right amount of taxes so BIR was supposed to go after them. It only shows that going after the professionals failed and now their looking for more vulnerable preys.

Same reaction as with you, although I do not read the full article but in the essence those contribution should not be tax since its employee voluntary contribution, with that voluntary contribution as far as I know they used that fund also to gain interest by funding the loans etc, just like with PAG-IBIG if you compute the housing financing loan that people used almost 25 percent interest they gain, thus, those agencies becomes stable owned government that secure every individual lives and the medium class of the society benefited. On the other hand, our government want to edify and collect funds through tax collection from where they are sure they can collect it 100 percent. Why not to focus on the tax bribe especially on the big companies or even in a showbiz world.

This is to unfair,instead of doing this they should think of more ways to attract more voluntary members to have their contributions with this institution, they should have proper education for a regular base earners that this institution could help them with the benefits they can get from it. in this way, they could help people and gain more funds as well. They should think of a program to promote more to have more voluntary members to gain funds instead of giving tax to those excess in contributions. They think they could gain more funds by doing that? if i were a voluntary members why would i pay more than what is mandated where in it will be subjected to tax, so what will i do is to pay just what is mandated. So in this case they will lose more funds because nobody would be willing to pay more than what is mandated.