HB 3800
House·20th Congress·Filed Aug 18, 2025
An Act Amending Republic Act No. 12214 or the Capital Markets Efficiency Promotion Act (Cmepa), Specifically to Remove, in Some Instances, the 20% Final Withholding Tax Upon the Amount of Interest, Yield, or Any Other Monetary Benefit Earned from Any Currency Bank Deposit or Deposit Substitute, Trust Funds, and Other Similar Arrangements, and for Other Purposes
In plain language
The proposal would change the existing law so that people who earn less than ₱5,000 a year from short‑term savings or less than ₱20,000 from long‑term deposits would no longer have to pay the 20 % final tax on that interest.
TaxationConsumer Protection
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Authors · 2 Representatives
Official sources
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HB03800 · Sources: BetterGov Open Congress, BatasWatch