SB 267

Senate·20th Congress·Filed Jul 8, 2025

Increasing the Income Tax Exemption Ceiling for Individual Taxpayers

An Act Increasing the Income Tax Exemption Ceiling for Individual Taxpayers to Four Hundred Eighty Thousand Pesos (P480f000) Annually, Amending for the Purpose Section 24(A)(2)(A) and (B) of the National Internal Revenue Code of 1997, as Amended

In plain language

The bill would raise the annual tax‑free income limit for individuals from ₱250,000 to ₱480,000 and adjust the tax brackets accordingly.

TaxationSocial WelfarePublic Works and Infrastructure

Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.

Author · Senator

Bam Aquino
SenatorPaolo Benigno "Bam" Aquino IV
Receipts →

Subjects

Taxes (Individual Income Tax)

Official sources

Similar in what they’d do, filed by any lawmaker.

HB 4925· Filed Sep 26, 2025
An Act Increasing the Income Tax Exemption Ceiling for Individual Taxpayers to Four Hundred Eighty Thousand Pesos (P480,000) Annually, Amending for the Purpose Section 24(A)(2)(A) and (B) of the National Internal Revenue Code of 1997, as Amended
Pending with the Committee on WAYS AND MEANS since 2025-09-30Rep. Ferdinand Martin G. Romualdez +3
HB 6036· Filed Nov 17, 2025
An Act Increasing the Income Tax Exemption Ceiling for Individual Taxpayers to Four Hundred Eighty Thousand Pesos (P480,000) Annually, Amending for the Purpose Section 24(A)(2)(A) and (B) of the National Internal Revenue Code of 1997, as Amended
Pending with the Committee on WAYS AND MEANS since 2025-11-19Rep. Iris Marie Demesa Montes
HB 1563· Filed Jul 8, 2025
An Act Amending Section 24 of the National Internal Revenue Code, as Amended
Pending with the Committee on WAYS AND MEANS since 2025-07-30Rep. Walfredo "Arman" R. Jr. Dimaguila
HB 10877· Filed Aug 24, 2026
An Act Increasing the Income Tax Exemption Ceiling for Individual Tax Payers to Three Hundred Sixty Thousand Pesos (P360,000.00) Annually, Amending for the Purpose Section 24(A)(2)(A) and (B) of the National Internal Revenue Code of 1997, as Amended
Pending with the Committee on WAYS AND MEANS since 2026-08-26Rep. Yevgeny Vincente B. Emano
SB 2137· Filed May 19, 2026
Increasing the Income Tax Exemption Ceiling for Individual Taxpayers
Pending in the committeeSen. Mark A. Villar

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SBN-267 · Sources: BetterGov Open Congress, BatasWatch