The General Tax Amnesty Act of 2026 offers a one‑time chance for anyone with unpaid national taxes for 2024 or earlier to settle their debt by paying a reduced amount (either 2 % of total assets or a net‑worth‑based rate). Filers must submit a sworn return and asset statement within a year of the rules, enjoy immunity from related penalties, and have their data kept confidential, while the BIR may check bank records to verify the information.
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/HB11379. Status changes over time; check the link for the latest.
HB11379 · Sources: BatasWatch
Status via BatasWatch (independent source)
Similar in what they’d do, filed by any lawmaker.