MULTIMEDIA

How your taxes may change under Duterte

Infographic by Angela Salano, ABS-CBN News

Posted at Jun 12 2017 11:00 AM | Updated as of Jun 12 2017 11:20 AM

MANILA - The House of Representatives has passed the first tranche of President Rodrigo Duterte's tax reform package, helping him deliver on one of his key campaign promises.

A revamped income tax system is expected to bring relief to the middle class. To offset the losses, however, new duties will be raised.

The Senate will need to pass counterpart legislation before Duterte can sign it into law and implement it by next year.

Here are the key points of House Bill 5636 or the Tax Reform for Acceleration and Inclusion Act.