RR No. 15-2025: Tax implications of private retirement benefit plans
On April 29, Revenue Regulations (RR) No. 15-2025 was issued, revising and clarifying the tax treatment of private retirement benefit plans. This RR updates both employers and employees, highlighting the tax incentives granted to qualified retirement benefit plans and underscoring the need for strict compliance to fully avail of such privileges.
GOVERNING LAWS AND REGULATIONS
Retirement planning has long been regarded as a cornerstone of an employee’s financial security.
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