House Speaker Faustino “Bojie” Dy III and Majority Leader Sandro Marcos file a bill that would increase the annual tax-free income threshold from P250,000 to P350,000. The measure, House Bill No. 10345, is filed in the House of Representatives and is presented as a response to President Ferdinand Marcos Jr.’s fifth State of the Nation Address (Sona). The proposal aims to provide tax relief by allowing more Filipino workers to keep a larger share of their earnings after the tax cutoff. Under the bill’s stated intent, raising the ceiling would reduce the portion of income subject to taxation for qualifying individuals, effectively increasing take-home pay. The articles agree on the key elements of the filing: the sponsors (Dy and Sandro Marcos), the bill number (HB 10345), the increase in the tax-free annual income ceiling (from P250,000 to P350,000), and the timing after the Sona. Both sources frame the filing as part of the House’s legislative response to the tax relief themes highlighted in the President’s address.
Dy and Sandro Marcos file bill raising tax-free annual income to P350,000
House Speaker Faustino “Bojie” Dy III and Majority Leader Sandro Marcos file a bill that would increase the annual tax-free income threshold from P250,000 to P350,000. The measure, House Bill No. 1034...
- House Bill No. 10345 is filed by Speaker Faustino Dy III and Majority Leader Sandro Marcos.
- The bill proposes raising the annual tax-free income threshold from P250,000 to P350,000.
- The filing follows President Ferdinand Marcos Jr.’s fifth State of the Nation Address (Sona).
- The measure aims to increase workers’ take-home pay by reducing taxable income for eligible individuals.
MANILA, Philippines — A House bill, filed on Tuesday by Speaker Faustino Dy III and Majority Leader Sandro Marcos, would allow more Filipino workers to keep a larger portion of their earnings by raising the annual tax-free income ceiling from P250,000 to P350,000. The two House leaders filed House Bill No. 10345 in response to President Ferdinand Marcos Jr.’s fifth State of the Nation Address (Sona). “President Marcos’ Sona placed tax relief where families will feel it, in the pay they bring home after every cutoff, and Speaker Bojie Dy has made sure the House responds with a bill rather […]...Keep on reading: Dy, Sandro Marcos file P350,000 tax-free income bill after Sona
3 hours agoSpeaker Dy, Sandro Marcos file bill on increasing tax-free annual income threshold to P350K
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