Tag: tax reform package

Senate approves Duterte’s first tax reform package on third reading

By Meanne Corvera Eagle News Service The Senate on Tuesday approved on third reading the proposed Tax Reform for Acceleration and Inclusion that will exempt around 6.8 million workers in the country from paying income taxes. Seventeen senators voted in favor of Senate Bill No. 1592 sponsored by ways and means committee chairman Sonny Angara. In the approved version, workers who earn up to P250,000 each year will no longer pay income tax. Apart from […]