Teodoro files bill raising tax-exempt income to P500,000
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Source: The Manila Times
Published: 2026-08-03 21:52 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Philippines, Economy & Finance, Tax & Budget, World News, Business & Economy, Asia Pacific
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Snippet:
MANILA, Philippines — Marikina First District Rep. Marcelino "Marcy" Teodoro has filed a bill seeking to increase the annual income tax-exempt threshold from P250,000 to P500,000 and providing for the automatic adjustment of income tax brackets every three years based on inflation.
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