The proposed law would replace the current complex tax system for banks, other financial firms, and insurance products with a simpler, uniform tax structure, add a 2% premium tax on life‑insurance‑type policies, and revise many documentary stamp taxes, taking effect on 1 January 2026.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Printed from CivicSync PH: https://civicsync-ph-gamma.vercel.app/bills/HB02652. Status changes over time; check the link for the latest.
HB02652 · Sources: BetterGov Open Congress, BatasWatch
Status history
No changes since we started checking daily on Oct 4, 2026.
Status via BatasWatch (independent source)
Similar in what they’d do, filed by any lawmaker.