Top House leaders file P350,000 tax-free income bill in response to Marcos' SONA
Top Philippine House leaders have filed a bill to raise the annual tax-free income ceiling from P250,000 to P350,000. The proposal aims to provide financial relief to workers by adjusting tax brackets to reflect current economic conditions.
Why it matters
This legislative move directly impacts the disposable income of Filipino workers and represents a key policy response to the President's State of the Nation Address.
Manila Bulletin - Top House leaders file P350,000 tax-free income bill in response to Marcos' SONA
Top House leaders file P350,000 tax-free income bill in response to Marcos' SONA
Speaker Faustino Dy III and Majority Leader Sandro Marcos file House Bill No. 10345 to implement President Marcos' tax relief proposal.
The measure raises the annual tax-free income ceiling from P250,000 to P350,000, restructuring graduated income tax rates under the National Internal Revenue Code.
Lawmakers emphasize that the bill updates tax brackets to reflect present realities, giving workers more take-home pay for essentials while keeping tax policy responsible.
Ilocos Norte 1st district Rep. Sandro Marcos (left), Isabela 6th district Rep. Faustino "Bojie" Dy III (Facebook)
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