Income tax overhaul eyed amid high prices
House Ways and Means chair Rep. Miro Quimbo seeks to review personal income tax brackets, bonuses and salary deductions to help Filipino workers cope with…
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118,396 results for “Personal income tax Philippines”
IMF warns fuel tax cuts favor upper-income households
‘We do not recommend to mute the signal for gasoline because high income households that can afford to pay higher gasoline prices will also benefit,’ he said,…
IMF warns fuel tax cuts favor upper-income households
Any suspension of excise taxes on gasoline and diesel would only benefit upper-income households, despite the waiver of such taxes on liquefied petroleum gas…
House panel OKs P350K tax-free income threshold
The House Committee on Ways and Means has approved a bill raising the tax-free annual income threshold from P250,000 to P350,000, a key priority of President…
Century Pacific net income rises 6% despite cost, tax pressures
Revenue climbed 15 percent to P45.8 billion in the January-to-June period, fueled by sustained demand for its branded food products and a continuing rebound in…
Century Pacific net income rises 6% despite cost, tax pressures
Century Pacific Food Inc. grows first-half net income 6% to P4.1 billion despite higher finance costs, taxes and earthquake-related losses, driven by…
House leaders file bill to raise income tax exemption to P350K
House leaders have filed a bill to raise the income tax exemption threshold for Filipino workers from ₱250,000 to ₱350,000, in line with President Ferdinand…
House to review personal income tax amid inflation pressures
The House Committee on Ways and Means will review the Philippines’ personal income tax system as inflation erodes purchasing power, focusing on relief for…
Legarda seeks Senate inquiry on Philippines' upper middle-income status
Senator Loren Legarda has filed Senate Resolution No. 505 seeking an inquiry into the Philippines’ new upper middle-income status, questioning whether the…
Philippines’ upper-middle-income status boosts global standing, credit outlook — economist
The Philippines has reached upper-middle-income status under the World Bank classification, boosting its global standing and credit rating prospects. Economist…
Upper-income status boosts Philippines’ investment appeal
The Philippines’ upgrade to upper middle-income status is boosting its appeal to global investors, with AmCham highlighting the country’s young, skilled…
Taxpayers file annual income tax returns on final day of filing
Bureau of Internal Revenue Revenue Region 6 Director Michael Remir Macatangay assists taxpayers on the final day of filing annual income tax returns for…
BIR extends April income tax filing deadline, says collections up 12%
BIR Commissioner Charlito Mendoza announces the extension of annual income tax filing until May 15 and reports higher tax collections for April 2026.
Palace: Fuel excise taxes must be balanced amid incoming oil supply
Malacañang said fuel taxes cannot be easily reduced as these fund government needs, stressing that oil prices are dictated by global markets. The Philippines…
Ordanes seeks income tax exemption for working senior citizens
Senior Citizens Party-list Rep. Rodolfo “Ompong” Ordanes filed a bill seeking income tax exemption for working Filipinos aged 60 and above earning ₱800,000 or…
One-month income tax holiday proposed amid flood control issues
Senator Erwin Tulfo filed Senate Bill No. 1446 proposing a one-month income tax holiday for 2025, citing the need to provide direct relief to taxpayers and…
SC: Gov’t share in Malampaya includes contractors’ income taxes
The Supreme Court has ruled that the Philippine government's 60% share from the Malampaya Natural Gas Project includes the income taxes of private contractors,…
