Practice question
Describe the additional employer PERA deduction introduced by CMEPA and implemented by RR22-2025. Explain the matching and coverage conditions, and distinguish deduction from a peso-for-peso tax credit.
Legal references
- RA12214 CMEPA: https://lawphil.net/statutes/repacts/ra2025/ra_12214_2025.html Section9.
- BIR RR22-2025, PERA additional deduction: https://bir-cdn.bir.gov.ph/BIR/pdf/RR%20No.%2022-2025.pdf Sections2–3.
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