Tags / Financial Relief
Financial Relief
Measures (3)
SBN-2137bill · in_committee
INCREASING THE INCOME TAX EXEMPTION CEILING FOR INDIVIDUAL TAXPAYERS
This bill proposes to increase the income tax exemption ceiling for individual taxpayers from ₱250,000 to ₱360,000 annually, aiming to provide financial relief amid rising inflation and stagnant wages.
SBN-1617bill · in_committee
GENERAL TAX AMNESTY ACT OF 2025
The General Tax Amnesty Act of 2025 proposes a one-time amnesty for all unpaid internal revenue taxes imposed by the national government for taxable year 2024 and prior years, allowing taxpayers to settle their obligations without penalties.
SBN-483bill · in_committee
DOCUMENTARY STAMP TAX
This bill proposes to exempt the pledge of personal property for loans not exceeding ₱10,000 from the documentary stamp tax, aiming to alleviate financial burdens on marginalized sectors.