Bill Type
Congress Name
Long Title
AN ACT AMENDING SECTIONS 24 AND 27 OF REPUBLIC ACT 8424, AS AMENDED, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE OF 1997
Text as filed (link)
Date filed
March 10, 2014
Scope
Legislative History
| House Bill/Resolution NO. HB04099 |
| FULL TITLE : AN ACT AMENDING SECTIONS 24 AND 27 OF REPUBLIC ACT 8424, AS AMENDED, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE OF 1997 |
| ABSTRACT : Restructures the country’s income tax system by reducing individual and corporate income taxes rates to fifteen (15%) percent from the current thirty-two (32%) percent and thirty (30%) percent respectively. |
| PRINCIPAL AUTHOR/S : GUNIGUNDO, MAGTANGGOL I T. |
| DATE FILED : 2014-03-10 |
| SIGNIFICANCE: NATIONAL |
| NATURE : Economic |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2014-03-11 |
Abstract
Restructures the country's income tax system by reducing individual and corporate income taxes rates to fifteen (15%) percent from the current thirty-two (32%) percent and thirty (30%) percent respectively.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.