Weeks after Marcos SONA, House panel OKs higher income tax exemption ceiling

A bill exempting individuals earning up to P350,000 annually from paying income tax hurdles a House committee

MANILA, Philippines — The House of Representatives’ committee on ways and means approved a proposal to increase the income tax exemption ceiling to an annual personal salary of P350,000, subject to style and other changes. During the hearing on Monday, Cagayan de Oro Rep. Rufus Rodriguez moved to approve the bill, whic