An Act Increasing the Tax-Exempt Threshold for Personal Income Tax and the Tax-Exempt Ceiling for De Minimis Benefits, Amending for the Purpose Sections 24 and Section 32 of the National Internal Revenue Code of 1997, as Amended, and for Other Purposes
The proposal raises the personal‑income‑tax exemption from ₱250,000 to ₱500,000 and lifts the non‑taxable limit for employee de minimis benefits from ₱90,000 to ₱200,000.
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SBN-2005 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.