The proposal would stop taxing individuals who earn up to ₱500,000 a year, lower rates for those earning more, let self‑employed people choose an 8 % flat tax, add a ₱25,000 exemption per dependent (up to five), and require the tax brackets to be updated every three years after 2027.
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/HB10161. Status changes over time; check the link for the latest.
HB10161 · Sources: BatasWatch
Status via BatasWatch (independent source)
Similar in what they’d do, filed by any lawmaker.