SENATE BILL

AUG
01
2016

SBN-919: Increasing the Allowable Personal Exemption of Individual Taxpayers

An Act Increasing The Allowable Personal Exemption Of Individual Taxpayers, Amending For The Purpose Section 35 (A) Of The National Internal Revenue Code Of 1997, As Amended, And For Other Purposes

  • To counter the steady increase of prices of consumer goods and services and to help our hardworking middle class in meeting the demands of daily living, this bill seeks to adjust the allowable personal exemption for each individual taxpayers from P50,000 to P150,000.

 

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