Great to have Dependents on Tax Exemptions in the Philippines

• Posted: May 30, 2008
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• Author: Junelle
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• Filed under: Being a Mom, Pinoy, Simply Me
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• Tags: No tags set for this entry.

A great news for those who have dependents. From Php 8,000 deduction on TAX for each child, it is now Php 25,000.

Check: News

I have two of my children as my dependent, so that is already Php 50,000 savings for me.

Let’s check the expenses I have for my daughter alone:

• During her study at St. Joseph as a toddler - her tuition is Php 24,000. That is for a 2 hour class everyday from June to March.
• She drinks milk that costs Php 1,500 every can. She could consume 1 can every week.
• If she is sick of asthma, then a dose of medicine that would probably cost us Php 5,000 at the minimum. With this, I tell you, our doctor is for free (she is a grandma of my daughter - cousin my children’s grandma on their father side).
• A ballet lesson of about Php 2,500 every month. Including her ballet shoes and tights.
• Also shirts, dresses and shoes since kids grow fast

See? The Php 50,000 savings on Tax is not even enough for just one child! Good thing I have my parents to help me in everything.

Now, planning on a first birthday of my son next month. — Everyone is invited I’ll post details when I have finalized the venue.

IF YOU HAVE KIDS … I SUGGEST YOU SHOULD JOIN THE PARTY! It will be on June 18, 2008 @ 3:00 PM on somewhere within Iloilo City, Philippines.

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