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CMEPA tax rules not applicable to SSS, GSIS, Pag-IBIG savings — DoF
Business World Philippines
|July 18, 2025
THE Department of Finance (DoF) said government-backed savings schemes are exempt from the tax provisions of the new Capital Markets Efficiency Promotion Act (CMEPA).
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“The unified rate does not apply to provident savings programs under the Social Security System (SSS), Government Service Insurance System (GSIS), and Pag-IBIG (such as MP2). These savings programs remain exempt from tax,” the DoF said in a statement on Thursday.
The DoF was responding to a backlash against CMEPA, amid claims that its tax provisions apply to funds held in government savings schemes, which it called “fake news.”
Cette histoire est tirée de l'édition July 18, 2025 de Business World Philippines.
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