Legislation

An Act Increasing the Threshold for Certain Non-VAT Taxpayers, Amending for the Purpose Sections 109 and 236 of the National Internal Revenue Code of 1997, as Amended By Republic Act No. 9337 Increases from One Million Five Hundred Thousand Pesos (P1,500,000) to Three Million...

An Act Authorizing the President of the Philippines to Lower the Rate of Value Added Tax to Ten Percent (10%), Amending for the Purpose Sections 106 (A), 107 (A), and 108 (A) of the National Internal Revenue Code Of 1997, As Amended By Republic Act No. 9337 Seeks to authorize the...

An Act Excluding Overtime Pay From the Computation of Taxable Income Amending for the Purpose Section 32 (B) (7) of Republic Act No. 8424, Otherwise Known as the National Internal Revenue Code Of 1997, As Amended This bill, expected to benefit an estimated 37.7 M employees from...