Senate President Pro Tempore Vicente Sotto III and Sen. Francis “Kiko” Pangilinan have filed separate measures to raise the income level exempt from personal income tax in the Philippines to ₱350,000 per year. Multiple reports say President Ferdinand Marcos Jr., during his penultimate State of the Nation Address on Monday, urged Congress to expand tax relief by increasing the number of workers covered by the exemption, specifically including those earning not more than ₱350,000 annually. In response, Sotto filed Senate Bill No. 2338, titled the Expanded Income Tax Exemption Act of 2026, which proposes raising the current ₱250,000 annual taxable-income threshold to ₱350,000. The proposal also aligns with Marcos’ call for broader coverage of workers receiving the exemption. Separately, Pangilinan filed Senate Bill No. 2344 on July 28, seeking to increase the tax-free threshold to ₱350,000 from ₱250,000 and to adjust the succeeding income tax brackets so more workers can receive larger take-home pay. The bills are at the filing stage and require congressional deliberation and approval to take effect.
Sotto and Pangilinan file bills to raise PH tax-free income threshold to ₱350,000
Senate President Pro Tempore Vicente Sotto III and Sen. Francis “Kiko” Pangilinan have filed separate measures to raise the income level exempt from personal income tax in the Philippines to ₱350,000...
- President Ferdinand Marcos Jr. calls on Congress to expand tax relief by covering workers earning up to ₱350,000 annually.
- Sen. Vicente Sotto III files Senate Bill No. 2338 proposing to raise the annual income tax exemption ceiling from ₱250,000 to ₱350,000.
- Sen. Francis “Kiko” Pangilinan files Senate Bill No. 2344 seeking the same ₱350,000 tax-free threshold and proposes adjusting subsequent tax brackets.
- Both measures are aimed at increasing take-home pay for workers, but they are separate bills filed by different senators.
- The proposals remain pending and would take effect only if enacted by Congress.
MANILA, Philippines — A new bill seeking to raise the amount of income exempt from tax to P350,000 annually has been filed in the Senate, this time by Sen. Francis “Kiko” Pangilinan. Pangilinan filed Senate Bill No. 2344 on July 28, seeking to raise the current P250,000 tax-free threshold to P350,000 and adjust the succeeding income tax brackets “to allow millions of Filipino workers to take home more of what they earn.” “Can increasing people’s take-home pay be considered a luxury? Let us increase their take-home pay even just a little so they have money for dinner or maintenance medicine […]...Keep on reading: Another bill seeking P350,000 tax-free income filed in Senate
3 hours agoMANILA, Philippines — Acting on President Marcos’ call for tax relief, Senate President Pro Tempore Vicente Sotto III on Tuesday introduced a bill raising the annual income tax exemption ceiling to P350,000. If enacted, Senate Bill No. 2338, or the Expanded Income Tax Exemption Act of 2026, would exempt workers earning up to P350,000 annually, […]...Keep on reading: Sotto files bill raising tax-free annual income cap to P350,000
2 days agoMANILA, Philippines — Senate President Pro Tempore Vicente Sotto III on Tuesday filed a bill seeking to raise the threshold for annual income tax exemption to P350,000, in accordance with the recommendations made by President Marcos in his State of the Nation Address (Sona) on Monday. Under Senate Bill (SB) No. 2338 or the proposed […]...Keep on reading: Sotto bill extends coverage of tax-free annual pay to P350,000
2 days agoMANILA, Philippines — Senate President Pro Tempore Vicente Sotto III on Tuesday filed a bill seeking to raise the minimum annual income subject to tax to P350,000 from the current P250,000. During President Ferdinand Marcos Jr.’s penultimate State of the Nation Address (Sona) on Monday, Marcos asked Congress to increase the number of workers exempt from the tax on their income, and to “include those earning not more than P350,000 per year.” In the explanatory note of his bill, Sotto said his filing was an answer to Marcos’ call for tax relief for Filipino workers. READ: Marcos presses Congress to […]...Keep on reading: Sotto bill seeks to raise minimum annual taxable income to P350,000
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