SB 448

Senate·13th Congress·Filed Jun 30, 2004

Withholding Tax Exemption on Bank Deposits (Senior Citizens)

An Act Exempting the Bank Deposits of Senior Citizens from the Twenty Percent (20%) Withholding Tax on Interest Income, Amending for the Purpose Republic Act No. 7423.

Author · Senator

Serge Osmeña
SenatorSergio "Serge" Osmeña III
Receipts →

Subjects

Senior Citizens Bank DepositsTaxes (Withholding Tax Exemption)RA No. 7423, Amendments

Official sources

Similar in what they’d do, filed by any lawmaker.

HB 651· Filed Jun 30, 2025
An Act Granting Income Tax Exemption for Senior Citizens Amending for the Purpose Section 24(A) of the National Internal Revenue Code of 1997, as Amended
Pending with the Committee on WAYS AND MEANS since 2025-07-29Rep. Tobias "Toby" M. Tiangco
HB 2563· Filed Jul 29, 2025
An Act Granting Income Tax Exemption to Senior Citizens Aged Sixty (60) and Above, Amending for the Purpose the National Internal Revenue Code of 1997, as Amended by Republic Act No. 10963, Otherwise Known as the "Tax Reform for Acceleration and Inclusion (Train)"
Pending with the Committee on WAYS AND MEANS since 2025-08-04Rep. Rodolfo "Ompong" M. Ordanes
HB 2215· Filed Jul 23, 2025
An Act Declaring Tax-Free All Interests Earned from Local Currency Bank Deposits and Qualified Investments in Long-Term Instruments Derived from Sources Within the Philippines, Except Interest Income on Foreign Currency Deposits, Amending for Such Purpose Section 24 of Republic Act No. 12214, Otherwise Known as the �capital Markets Efficiency Promotion Act�
Pending with the Committee on WAYS AND MEANS since 2025-07-30Rep. Loreto S. Amante
SB 1151· Filed Aug 7, 2025
Senior Citizens Employment Incentives Act
Pending in the committeeSen. Joel Villanueva
SB 397· Filed Jul 10, 2025
Amending R.A. No. 6426 (Foreign Currency Deposit Act of the Philippines)
Consolidated/substituted in the committee reportSen. Panfilo M. Lacson

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SBN-00448 · Sources: BetterGov Open Congress