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Marcos raises income tax exemption to ₱350,000; micro and small businesses freed from minimum corporate income tax

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Marcos raises income tax exemption to ₱350,000; micro and small businesses freed from minimum corporate income tax

President Ferdinand Marcos Jr. announced during his fifth State of the Nation Address (SONA) that the income tax exemption threshold will be raised from ₱250,000 to ₱350,000, giving workers a maximum additional take-home pay of ₱17,500, while micro and small businesses that are losing money or…

Liam Demafelix·3 months ago

Nation

Infrastructure spending jumps from 2% to 5% of GDP under Marcos: DOF official calls it PH’s biggest growth driver

Infrastructure spending has surged from 1 to 2% of GDP to 5% or more under the Marcos administration, representing the single biggest driver of the Philippines’ above-average economic growth of 5.8% over the past four years, Finance Undersecretary Joven Balbosa said Saturday. Balbosa made the…

3 months ago

Nation

How the ‘CREATE MORE’ Law is making the Philippines a top destination for foreign capital under the Marcos administration

Republic Act No. 12066, or the “CREATE MORE” law, has expanded investment incentives to make the Philippines more competitive against regional peers including Vietnam, Thailand, and Indonesia in attracting foreign direct investment, with the resulting job creation keeping unemployment relatively…

3 months ago

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The Philippine economy grew twice as fast as the world under Marcos, 5.8% average GDP growth in four years: DOF

The Philippine economy grew at an average of 5.8% annually over the past four years under President Ferdinand Marcos Jr., more than double the global average of 2.5% to 3%, Finance Secretary Frederick Go said Saturday. Go made the disclosure in an interview on DZRH News program Special on Saturday…

3 months ago

Marcos raises income tax exemption to ₱350,000; micro and small businesses freed from minimum corporate income tax

Infrastructure spending jumps from 2% to 5% of GDP under Marcos: DOF official calls it PH’s biggest growth driver

How the ‘CREATE MORE’ Law is making the Philippines a top destination for foreign capital under the Marcos administration

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The Philippine economy grew twice as fast as the world under Marcos, 5.8% average GDP growth in four years: DOF

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