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…
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27,422 results for “tax-free income”
Trump moves to cut diesel costs with order on tax-free fuel
President Trump signs an executive order allowing tax-free red-dyed diesel on public roads, aiming to ease surging fuel costs ahead of midterm elections. Learn…
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…
Economists push risk-based taxes on smoke-free nicotine products
Economists Arthur Laffer and Ashok Kaul urge the Philippines to adopt risk-based taxes that distinguish between cigarettes and smoke-free nicotine products…
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…
2,277 medicine now VAT-free; 1.2M more workers eyed for tax exemption — BIR
The Bureau of Internal Revenue has expanded the list of VAT-free medicines to 2,277, adding drugs for cancer, diabetes, tuberculosis, hypertension, high…
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…
JV Ejercito seeks tax-free pay for workers earning up to P50K a month
Senator JV Ejercito’s new bill seeks to exempt workers earning up to ₱50,000 a month (₱600,000 a year) from income tax, boosting take-home pay for millions of…
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…
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…
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…
Go bats for tax-free incentives, rewards
Senator Christopher “Bong” Go pushes for tax exemptions on rewards for national athletes and coaches, ensuring fair incentives, equal recognition for para…
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,…
