Philippine House Panel Approves Higher Income Tax Exemption
A House panel in the Philippines has approved a bill to raise the income tax exemption ceiling for workers and small businesses to P350,000. This decision comes weeks after President Marcos's State of the Nation Address.
The Story
Analyzing sources…
Source Diversity
Source Diversity
Low (19/100)Sources
Weeks after Marcos SONA, House panel OKs higher income tax exemption ceiling
A bill exempting individuals earning up to P350,000 annually from paying income tax hurdles a House committee
By Dwight de Leon
Read full article →House panel approves higher tax exemption for workers, small businesses
MANILA, Philippines — The House Committee on Ways and Means approved on Monday separate measures raising the annual taxable income exemption ceiling to ₱350,000 from ₱250,000 and exempting microenterprises from the 2-percent minimum corporate income tax (MCIT). House Bills No. 10345 and 10346 were introduced by Speaker Faustino “Bojie” Dy III and Majority Leader Ferdinand Alexander
By Alexander Magno
Read full article →Coverage Timeline
Related Stories
Osun Businesswoman Distributes Rice, Urges Votes for APC Candidate
29m ago
Government Offices in Zambales, Bataan, Occidental Mindoro Ordered Work-From-Home Due to Habagat
29m ago
Quezon City Suspends Classes Due to Enhanced Southwest Monsoon
29m ago
NBA and UNICEF Launch N120m Legal Aid Partnership for Juvenile Offenders
31m ago