SB 2381

Senate·20th Congress·Filed Aug 4, 2026

Balanced Income Tax Relief Act

An Act Increasing the Income Tax Exemption Ceiling for Individual Taxpayers to Three Hundred Fifty Thousand Pesos (P350,000.00) and Proportionally Adjusting the Income Tax Brackets Accordingly, Amending for the Purpose Section 24 of Republic Act No. 8424, Otherwise Known as the National Internal Revenue Code of 1997, as Amended

Author · Senator

Christopher Lawrence "Bong" T. GoReceipts →

Official sources

Senate record

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HB 7952· Filed Feb 23, 2026
An Act Amending Sections 24 & 32 of Republic Act No. 8424, Otherwise Known as the National Internal Revenue Code of 1997, as Amended by Republic Act No. 10963, Otherwise Known as the Tax Reform for Acceleration and Inclusion Act
Pending with the Committee on WAYS AND MEANS since 2026-02-25Rep. Ramon Jolo III B. Revilla
HB 8914· Filed Apr 21, 2026
An Act Providing for the Temporary Suspension of Value-Added Tax (VAT) on Select Essential Food Items During Periods of Economic Crisis, and for Other Purposes
Pending with the Committee on WAYS AND MEANS since 2026-05-05Rep. Patrick Michael D. Vargas
HB 10215· Filed Jul 23, 2026
An Act to Keep Incomes Tax-Relieved and Augmented (Kita) by Amending Sections 24, 32, 33, 34, 53, 57, 109, 123, and 236 of the National Internal Revenue Code, as Amended, and for Other Purposes
FiledRep. Leandro Legarda Leviste
HB 1735· Filed Jul 10, 2025
An Act Granting Economic Relief to All Working Filipinos, Amending for the Purpose Section 24 of the National Internal Revenue Code of 1997, as Amended
Pending with the Committee on WAYS AND MEANS since 2025-07-30Rep. Ryan S. Recto
HB 8860· Filed Apr 14, 2026
An Act Establishing a More Progressive and Targeted Tax System by Increasing Income Tax Exemptions and Imposing Solidarity Wealth Tax and Windfall Profits Tax, Amending for the Purpose the National Internal Revenue Code of 1997, as Amended
Pending with the Committee on WAYS AND MEANS since 2026-05-04Rep. Raymond Democrito C. Mendoza

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SBN-2381 · Sources: BatasWatch

Balanced Income Tax Relief Act

Author · Senator

Official sources

Related bills · 20th Congress

Related bills · 20th Congress