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Post by account_disabled on Dec 7, 2023 2:48:00 GMT -5
To a flat tax, up to a full-year limit. From the beginning, this limit will increase, let's see how much. How much will health insurance premium deduction limits increase? Changes in the amount of health insurance premiums that are included in pre-tax deductions or deducted from income can be seen in the Finance Minister's announcement last month. The limit for deducting health insurance premiums from the flat tax, , as you can see, the limit has been increased, . How are paid health insurance premiums deducted? insurance contributions philippines photo editor reduce taxable income, but the entrepreneur can decide how to solve such a limit, he has two options. Deduct paid health insurance contributions from income Subtract paid health insurance contributions Whichever option the entrepreneur chooses, he will still pay less income tax as a tax-deductible expense. However, it turns out that credit methods have implications for other settlement methods, as detailed below.
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