Tags / National Internal Revenue Code
National Internal Revenue Code
Measures (3)
SBN-1450bill · in_committee
BAWAS, BUWIS, GINHAWA PARA SA PILIPINO ACT
The Bawas Buwis, Ginhawa para sa Pilipino Act aims to abolish the Value-Added Tax (VAT) in the Philippines, which is seen as a regressive tax burden on low- and middle-income families. The bill proposes to repeal specific sections of the National Internal Revenue Code related to VAT and establish alternative revenue sources.
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.
SBN-59bill · in_committee
AMENDING THE NIRC (TAX REFORM FOR THE FINANCIAL SECTOR)
This bill proposes amendments to various sections of the National Internal Revenue Code of 1997 to simplify and rationalize the taxation of the financial sector, including banks and insurance companies.