HB 2961
House·20th Congress·Filed Aug 4, 2025
An Act Strengthening the Purchasing Power of Middle-Income Taxpayers, Amending for the Purpose Section 24 of Republic Act No. 8424, Otherwise Known as 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) Law
In plain language
The bill would raise the personal income tax exemption from PHP250,000 to PHP600,000, meaning people earning up to that amount would pay no income tax.
TaxationPublic Works and Infrastructure
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
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HB02961 · Sources: BetterGov Open Congress, BatasWatch