As the last of the visitors leave, it’s back to the grindstone for the nation. Assuming the budget bill passes next week, this leaves barely a fortnight for bicam deliberations on the TRAIN bill, assuming a quick passage by the Senators. On personal income tax exemptions, the Senate version is pegged lower, i.e., only for individuals earning P150,000 a year. The Senate version accepts the House version, which is pegged at P250,000 for individual earning a year, only if the taxpayer has four dependents. The Senate and House also agreed to keep VAT exemptions on raw food, healthcare products and socialized housing units.

Source: Philippine Star November 15, 2017 16:07 UTC