{"id":"philippines-progress-tax-reform-bill","canonicalSlug":"philippines-progress-tax-reform-bill","url":"https://wellficent.com/en/news/philippines-progress-tax-reform-bill","language":"en","title":"Philippines opens consultations on a tax relief and revenue bill","summary":"The proposed ProGRESS package would raise the personal tax exemption threshold and add levies on luxury goods and large multinationals.","body":["The Philippines’ Department of Finance opened nationwide consultations on its proposed ProGRESS tax bill on 3 September, beginning in Manila with around 300 participants. The draft seeks to combine household tax relief with revenue measures for public services.","Proposals include lifting the annual personal-income-tax exemption from PHP250,000 to PHP350,000, exempting micro and small firms from minimum corporate income tax, taxing vehicles valued above PHP8 million at higher excise rates and applying a 15% global minimum tax to large multinational groups. These remain proposals."],"keyPoints":[],"sections":[],"text":"Philippines opens consultations on a tax relief and revenue bill\n\nThe proposed ProGRESS package would raise the personal tax exemption threshold and add levies on luxury goods and large multinationals.\n\nThe Philippines’ Department of Finance opened nationwide consultations on its proposed ProGRESS tax bill on 3 September, beginning in Manila with around 300 participants. The draft seeks to combine household tax relief with revenue measures for public services.\n\nProposals include lifting the annual personal-income-tax exemption from PHP250,000 to PHP350,000, exempting micro and small firms from minimum corporate income tax, taxing vehicles valued above PHP8 million at higher excise rates and applying a 15% global minimum tax to large multinational groups. These remain proposals.","category":"fiscal","region":"world","topics":[],"eventDate":"2026-09-03","eventDateBasis":"source-event-or-period","publishedAt":"2026-10-06T00:01:40Z","modifiedAt":"2026-10-06T00:01:40Z","publicationBasis":"first-publication","preparedAt":null,"sourcePublishedAt":"2026-09-03","translatedAt":"2026-10-05T23:43:24Z","sources":[{"name":"Philippines Department of Finance","url":"https://www.dof.gov.ph/nationwide-consultations-begin-for-progress-bill/","checkedAt":"2026-10-05","publishedAt":"2026-09-03"}],"translations":{"en":"https://wellficent.com/en/news/philippines-progress-tax-reform-bill","tr":"https://wellficent.com/tr/news/philippines-progress-tax-reform-bill","ar":"https://wellficent.com/ar/news/philippines-progress-tax-reform-bill","fr":"https://wellficent.com/fr/news/philippines-progress-tax-reform-bill","es":"https://wellficent.com/es/news/philippines-progress-tax-reform-bill","ru":"https://wellficent.com/ru/news/philippines-progress-tax-reform-bill","pt":"https://wellficent.com/pt/news/philippines-progress-tax-reform-bill"},"corrections":[],"locations":[]}