BDO Explains How to Save on Taxes Amid CMEPA Changes 💰

BDO clarifies saving tax

Amid the confusion on the 20 percent tax on Capital Markets Efficiency Promotion Act (CMEPA) bank savings, Albert Tuala, BDO Network Bank’s regional head for Bicol asks the media to help them explain to the public that the 20 percent tax is imposed on the interest gained from the savings. He said that the aim of the new law is to tax big depositors earning big interests.

VIDEO BY Rhaydz Barcia

Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe
Visit our website at [https://www.manilatimes.net](https://www.manilatimes.net/)

Follow us:
Facebook - https://tmt.ph/facebook
Instagram - https://tmt.ph/instagram
Twitter - https://tmt.ph/twitter
DailyMotion - https://tmt.ph/dailymotion

Subscribe to our Digital Edition - https://tmt.ph/digital

Check out our Podcasts:
Spotify - https://tmt.ph/spotify
Apple Podcasts - https://tmt.ph/applepodcasts
Amazon Music - https://tmt.ph/amazonmusic
Deezer: https://tmt.ph/deezer
Stitcher: https://tmt.ph/stitcher
Tune In: https://tmt.ph/tunein

#TheManilaTimes
#TMTNews
#Tax
#Philippines