The General Tax Amnesty Act of 2025 would let anyone with unpaid national taxes for 2024 or earlier settle their debt by paying a one‑time fee—either 2 % of their total assets or a rate based on net worth (minimum 5 % or ₱100,000). Early filers get a discount, and once they pay they are immune from further tax, penalties or related lawsuits for those years, while the information they provide is kept confidential but may be accessed by the tax commissioner for verification.
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/HB02653. Status changes over time; check the link for the latest.
HB02653 · Sources: BetterGov Open Congress, BatasWatch
Status via BatasWatch (independent source)
Similar in what they’d do, filed by any lawmaker.