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- Under the TRAIN tax table in the Philippines, taxpayers earning below ₱250,000 per year are still exempted from paying personal income tax in 2023 and onwards. Those who have an annual income of more than ₱250,000 but less than ₱8 million pay a tax rate of 15% to 30% starting in 2023. For context, the previous rate used to be 20% to 32%.www.moneymax.ph/government-services/articles/tax-reform-law
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