IncomeTaxReformBill

READ: Senate Bill 2149 (Income Tax Reform Bill)

In February 7, 2014, Senator Sonny Angara filed a bill which aims to re-structure the current Income Tax bracket in the country. Officially named as AN ACT AMENDING SECTION 24 OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED, AND FOR OTHER PURPOSES or SENATE BILL NO.2149, the bill is currently pending under the Senate Ways…