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Julio Said:

Is everyone who earns money required to pay taxes?

We Answered:

Answer:

Not all are required to pay taxes. Minimum wage earners (individual) are exempted from paying income taxes. Business conducted as the very source of living (example, small sari - sari store) are also exempted from paying business taxes.

To be taxable, you must attain or exceed the requirements set forth by the tax laws in the Philippines.

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