HB 4431
House·20th Congress·Filed Sep 8, 2025
An Act Amending Sections 24, 32, 33, 34, and 109 of Republic Act No. 8424, Otherwise Known as the National Internal Revenue Code of 1997, as Amended, and for Other Purposes
In plain language
The WAGE Act proposes to lower income‑tax burdens for low‑paid workers, raise the 13th‑month‑pay tax‑free limit, give micro‑businesses extra payroll deductions, allow a modest cost‑of‑living deduction, and adjust some VAT exemptions, taking effect 15 days after publication.
TaxationLabor and EmploymentSocial Welfare
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Official sources
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HB04431 · Sources: BetterGov Open Congress, BatasWatch