Sotto bill seeks to raise minimum annual taxable income to P350,000

MANILA, Philippines — Senate President Pro Tempore Vicente Sotto III on Tuesday filed a bill seeking to raise the minimum annual income subject to tax to P350,000 from the current P250,000. During President Ferdinand Marcos Jr.’s penultimate State of the Nation Address (Sona) on Monday, Marcos asked Congress to increase the number of workers exempt

By mareyes