Another bill seeking P350,000 tax-free income filed in Senate

Senate bill filed to raise income tax exemption to ₱350k

​SEN. Francis Pangilinan has filed Senate Bill (SB) 2344 that seeks to raise the annual income tax exemption threshold from P250,000 to P350,000.​Filed on July 28, it aims to amend Section 24 of the National Internal Revenue Code of 1997 to allow wage earners to keep a larger portion of their income.​This comes after President Ferdinand Marcos Jr. called on Congress to increase personal income tax exemptions to ease the financial burden on Filip…

Akbayan, Dinagat solons seek P500K income tax exemption threshold

Akbayan Party-list lawmakers and a Dinagat Islands representative have filed a bill seeking to raise the annual income tax exemption threshold to P500,000, exceeding President Ferdinand Marcos Jr.'s proposal to increase the ceiling to P350,000.

Another bill seeking P350,000 tax-free income filed in Senate

MANILA, Philippines — A new bill seeking to raise the amount of income exempt from tax to P350,000 annually has been filed in the Senate, this time by Sen. Francis “Kiko” Pangilinan. Pangilinan filed Senate Bill No. 2344 on July 28, seeking to raise the current P250,000 tax-free threshold to P350,000 and adjust the succeeding income tax brackets “to allow millions of Filipino workers to take home more of what they earn.” “Can increasing people’s…