The House ways and means Committee approved the law which aims to increase the tax exemption in Christmas, 13th month and other bonuses aside from the regular salary. Another law is currently being debated which aims to lower income tax.

Subscribe to the ABS-CBN News channel! - http://bit.ly/TheABSCBNNews

Watch the full episodes of TV Patrol on TFC.TV
http://bit.ly/TVP-TFCTV
and on IWANT.TV for Philippine viewers, click:
http://bit.ly/TVP-IWANTV

Visit our website at http://www.abs-cbnnews.com
Facebook: https://www.facebook.com/abscbnNEWS
Twitter: https://twitter.com/abscbnnews