Tax Incentives for Companies Hiring Persons with Disability
By Abner Manlapaz
Republic Act No. 7277 also known as the Magna Carta for Persons with Disabilities was considered a milestone law in the Asia Pacific region when it was approved into law in 1992. It contains many important provisions supporting integration of persons with disabilities in the mainstream society.
One of the key provisions of the law is the incentives for employers employing persons with disabilities. Section 8 of Chapter 1 in Title 2 says that private entities employing persons with disabilities either as regular employee, apprentice or learner are entitled to tax deductions from their gross income for the taxable year equivalent to 25 percent of the total amount paid as salaries/wages to persons with disabilities.
Additionally, private entities that undertaken the improvement or modification of their physical facilities in order to provide reasonable accommodation for persons with disabilities were entitled to an additional deduction from their net taxable income for the taxable year in an amount equivalent to 50 percent of the direct costs of the improvement or modification that actually incurred during the taxable year.
The requirements indicated in the Revenue Regulations No. 8-93 issued by the Bureau of Internal Revenues (BIR) in1993 are the following:
For more detailed information on how to avail of the tax incentives, refer to BIR Revenue Regulation No. 8-93 issued on January 29, 1993. DOLE issued Administrative Order No. 156 series of 2019 designating the focal persons for the concerns of persons with disabilities in every regional offices and bureaus/offices. You may contact the focal persons designated by DOLE to assist you regarding disability concerns.
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