An Act Declaring a One-Time Amnesty on All Unpaid Internal Revenue Taxes Imposed by the National Government for Taxable Year 2024 and Prior Years
The General Tax Amnesty Act of 2025 offers a one‑time opportunity for individuals and businesses that owe taxes for 2024 or earlier to settle their debt by paying a reduced amount (either 2 % of assets or a 5 % net‑worth rate with minimum thresholds). In return, they receive immunity from further tax penalties and related legal actions, and the information they submit is kept confidential.
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Printed from CivicSync PH: https://civicsync-ph-gamma.vercel.app/bills/SBN-1617. Status changes over time; check the link for the latest.
SBN-1617 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.