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Senate President Sherwin Gatchalian renewed calls on Oct. 4, 2026, for a higher income-tax exemption threshold as fuel-price increases pressured Filipino purchasing power. The accessible copy of the report does not identify the bill number, and available reporting does not establish that an increase had become law by that date.
What the Oct. 4 report says—and what it does not
The headline concerns Gatchalian urging action on a higher income-tax exemption threshold amid rising fuel prices. The indexed copy attributes the call to him but cuts off before a bill number can be read. The linked page could not be retrieved, so the headline cannot be reliably assigned to a particular Senate bill or legislative stage. The indexed reproduction identifies BusinessWorld as the originating publisher, but does not provide enough accessible detail to verify the measure.
That uncertainty matters because separate proposals have sought different thresholds. Gatchalian’s reported call should not be treated as confirmation that any one of them is the bill he was discussing.
How the reported proposals compare
| Measure | Proposed threshold | Reported status and scope |
|---|---|---|
| Senate Bill No. 2344, sponsored by Sen. Francis Pangilinan | ₱350,000 annually, up from ₱250,000 | Reported July 31, 2026, as a proposal to amend Section 24 of the National Internal Revenue Code. The report says it would also extend the higher threshold to qualifying self-employed individuals and professionals opting for the 8-percent gross-receipts tax regime. July 31 report |
| Separate House measure approved by the Ways and Means Committee | ₱350,000 annually, up from ₱250,000 | The House reported committee approval on Aug. 10, 2026. Committee approval is not enactment. House report |
| Senate Bill No. 267, sponsored by Sen. Bam Aquino | ₱480,000 annually, up from ₱250,000 | Reported as filed in 2025; its proposed ceiling differs from the ₱350,000 measures. Report on SB 267 |
| House Bill No. 10345, filed by Speaker Faustino Dy III and Majority Leader Ferdinand Alexander Marcos | ₱350,000 annually, up from ₱250,000 | Reported filed in July 2026, with a proposed schedule beginning Jan. 1, 2027 if enacted. That date is conditional, not an effective date under current law. Report on HB 10345 |
The figures in the table describe proposals, not confirmed changes to the tax rules. Their sponsors, chambers, stages and, in Aquino’s bill, proposed threshold are not interchangeable.
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Would the exemption rise to ₱350,000?
That is the proposed threshold in SB 2344 and in the House measures described above, but the available reporting does not establish that it took effect. It also does not establish that Gatchalian’s Oct. 4 call concerned SB 2344 or any of those House measures. The separate Aquino proposal sought ₱480,000 instead.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Has the increase become law?
The available sources do not confirm enactment by Oct. 4, 2026. Filing a bill or receiving committee approval does not by itself change the tax threshold. Before relying on a new exemption for tax planning, check official legislative records for enactment and an effective date; the proposed Jan. 1, 2027 schedule reported for HB 10345 applies only if that bill is enacted.
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