Tax On Savings: How Does This Work?
New law slaps tax on savings, which will also affect time deposits and dollar accounts. TAX ON SAVINGS – A new law called the Capital Markets Efficiency Promotion Act (CMEPA) took effect on July 1. Quietly this month, a new law has taken effect, which is called the Capital Markets Efficiency Promotion Act (CMEPA), or the Republic Act 12214. Major … Read more