Spkr. Dy, Rep. Marcos inihain pagtataas ng tax-free annual income threshold
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Inihain nina House Majority Leader Ferdinand Alexander Marcos III at Speaker Faustino Dy III ang isang panukala na magtataas sa tax-free annual income threshold sa P350,000 mula P250,000.
Inihain ng mga lider ng Kamara ang House Bill 10345 bilang tugon sa hiling ni Pangulong Ferdinand Marcos Jr. sa kanyang ikalimang State of the Nation Address (SONA).
“President Marcos SONA placed tax relief where families will feel it, in the pay they bring home after every cutoff, and Speaker Bojie Dy has made sure the House responds with a bill rather than applause alone. Raising the tax-free ceiling to P350,000 gives workers more room for food, tuition, medicine and the bills that do not wait,” sabi ni Marcos.
Aamyendahan ng HB 10345 ang Section 24 ng National Internal Revenue Code.
Sa ilalim ng panukala magkahiwalay pa ring kukuwentahin ang kita ng mag-asawa na parehong mayroong trabaho at pantay namang hahatiin ang kita ng mag-asawa kung magkasama itong kikitain.
Mananatili namang exempted sa income tax ang mga minimum wage earner kasama ang kanilang holiday pay, overtime pay, night shift differential pay at hazard pay.
“The President’s SONA gave us a clear standard: tax policy must remain responsible while recognizing how much the cost of living has changed, and Speaker Bojie Dy shares that practical approach. This measure updates the brackets for workers, professionals and small entrepreneurs so the tax code reflects present realities,” dagdag pa ni Marcos.(Henry Padilla)
Inihain nina House Majority Leader Ferdinand Alexander Marcos III at Speaker Faustino Dy III ang isang panukala na magtataas sa tax-free annual income threshold sa P350,000 mula P250,000.
Inihain ng mga lider ng Kamara ang House Bill 10345 bilang tugon sa hiling ni Pangulong Ferdinand Marcos Jr. sa kanyang ikalimang State of the Nation Address (SONA).
“President Marcos SONA placed tax relief where families will feel it, in the pay they bring home after every cutoff, and Speaker Bojie Dy has made sure the House responds with a bill rather than applause alone. Raising the tax-free ceiling to P350,000 gives workers more room for food, tuition, medicine and the bills that do not wait,” sabi ni Marcos.
Aamyendahan ng HB 10345 ang Section 24 ng National Internal Revenue Code.
Sa ilalim ng panukala magkahiwalay pa ring kukuwentahin ang kita ng mag-asawa na parehong mayroong trabaho at pantay namang hahatiin ang kita ng mag-asawa kung magkasama itong kikitain.
Mananatili namang exempted sa income tax ang mga minimum wage earner kasama ang kanilang holiday pay, overtime pay, night shift differential pay at hazard pay.
“The President’s SONA gave us a clear standard: tax policy must remain responsible while recognizing how much the cost of living has changed, and Speaker Bojie Dy shares that practical approach. This measure updates the brackets for workers, professionals and small entrepreneurs so the tax code reflects present realities,” dagdag pa ni Marcos.(Henry Padilla)