An Act Increasing the Income Tax Exemption Ceiling for Individual Taxpayers to Three Hundred Sixty Thousand Pesos (P360,000) Annually, Amending for the Purpose Section 24 (A)(2)(A) and (B) of the National Internal Revenue Code of 1997, as Amended
The bill raises the annual personal income‑tax exemption from P250,000 to P360,000 and adds a new tax bracket for incomes above that level.
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SBN-2137 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.