A new tax reform bill is being pushed at the House of representatives to further lower the personal income tax of Filipinos. France castro (ACT) and other members of the Makabayan bloc, aims to put the maximum income tax to just 20% (current income tax rate is 32% tops). In the previous administration, the TRAIN Law and the CREATE Law have already passed and effectively reduced business and personal income tax. Read more in our articles including "New Tax Bill pushing for 20% cap; free for Php400k and below" and "CMEPA implemented, banks slap uniform 20% tax to interest income".
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Jun 22, 2026A new tax reform bill is being pushed at the House of representatives to further lower the personal income tax of Filipinos. France castro (ACT) and other members of the Makabayan bloc, aims to put the maximum income tax to just 20% (current income tax rate is 32% tops).
In the previous administration, the TRAIN Law and the CREATE Law have already passed and effectively reduced business and personal income tax.
Our coverage of 400k income tax includes: "New Tax Bill pushing for 20% cap; free for Php400k and below"; "CMEPA implemented, banks slap uniform 20% tax to interest income"; "Fujifilm Instax Share SP-1 to hit stores in February". Each article provides unique insights and information.