Ejercito files bill to raise tax-free income threshold to P600,000

MANILA, Philippines — Sen. JV Ejercito has filed a bill seeking to exempt workers earning up to P50,000 a month, or P600,000 annually, from paying income tax. In a statement on Wednesday, Ejercito explained he filed Senate Bill No. 2341 to amend the National Internal Revenue Code and exempt employees earning P600,000 or less annually

By dsanchez