HB 8860

House·20th Congress·Filed Apr 14, 2026

An Act Establishing a More Progressive and Targeted Tax System by Increasing Income Tax Exemptions and Imposing Solidarity Wealth Tax and Windfall Profits Tax, Amending for the Purpose the National Internal Revenue Code of 1997, as Amended

In plain language

The PATAS Act would stop taxing people who earn up to ₱600,000 a year, tax very‑rich individuals whose net worth is at least ₱1 billion, and add a special tax on extra profits earned by oil, gas and power companies.

TaxationSocial WelfareEnergy

Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.

Author · Representative

Raymond Democrito C. MendozaReceipts →

Official sources

Similar in what they’d do, filed by any lawmaker.

HB 10161· Filed Jul 22, 2026
An Act Lowering the Rates of Tax on Taxable Income of Individuals, Amending Section 24 of Republic Act 8424, Otherwise Known as the National Internal Revenue Code of 1997, as Amended
Pending First ReadingRep. Antonio L. Tinio +2
HB 6036· Filed Nov 17, 2025
An Act Increasing the Income Tax Exemption Ceiling for Individual Taxpayers to Four Hundred Eighty Thousand Pesos (P480,000) Annually, Amending for the Purpose Section 24(A)(2)(A) and (B) of the National Internal Revenue Code of 1997, as Amended
Pending with the Committee on WAYS AND MEANS since 2025-11-19Rep. Iris Marie Demesa Montes
HB 4774· Filed Sep 23, 2025
An Act Lowering the Price of Oil and Petroleum Products, Electricity, Water, Toll Fees, and Food and Other Basic Necessities, Amending for This Purpose Republic Act No. 10963 or the Tax Reform for Acceleration and Inclusion (Train) Law and Republic Act No. 8424 or the Tax Reform Act as Amended by Republic Act No. 9337
Pending with the Committee on WAYS AND MEANS since 2025-09-25Rep. Sarah Jane I. Elago
HB 1563· Filed Jul 8, 2025
An Act Amending Section 24 of the National Internal Revenue Code, as Amended
Pending with the Committee on WAYS AND MEANS since 2025-07-30Rep. Walfredo "Arman" R. Jr. Dimaguila
HB 9274· Filed May 18, 2026
An Act Imposing an �ultra-Wealth Tax� on Individuals with Net Assets Exceeding One Billion Pesos, Amending for the Purpose Certain Provisions of the National Internal Revenue Code of 1997 or Republic Act No. 8424, as Amended
Pending with the Committee on WAYS AND MEANS since 2026-05-20Rep. Leila M. De Lima

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HB08860 · Sources: BatasWatch