Dy, Marcos file bill increasing income tax exemption ceiling to P350,000

MANILA, Philippines — House of Representatives Speaker Faustino “Bojie” Dy III and Majority Leader Ferdinand Alexander Marcos have filed a bill that seeks to increase the ceiling for income tax exemptions, from the previous P250,000 annual salary to P350,000. In a statement on Wednesday, Marcos said that they filed House Bill (HB) No. 10345 in response