01/07/2025
News: “Individuals earning an annual income of P400,000 or below shall be exempt from paying income tax under a bill being pushed by Senator Win Gatchalian.
This measure seeks to amend the current tax code, which only exempts those earning P250,000 or below annually.
The proposed bill also aims to exempt the following from taxation: holiday pay, overtime pay, night shift differential pay, hazard pay, and share in service charges.”
