Marcos extends tax relief to Filipinos hit by Middle East crisis
- On Monday, July 27, 2026, President Ferdinand Marcos Jr. delivered his fifth State of the Nation Address, proposing higher income tax exemptions and corporate tax relief for small businesses to support the middle class.
- Marcos aims to protect the middle class and small enterprises from economic pressures stemming from the lingering impact of the Middle East crisis amid global uncertainties.
- The President proposed raising the annual personal income tax exemption threshold to P350,000 while seeking tax amnesty for unpaid liabilities and abolishing the minimum corporate income tax for small businesses.
- Seeking to lower electricity bills, Marcos urged Congress to amend the Electric Power Industry Reform Act, prohibiting power distributors like Meralco from passing system loss charges and associated VAT to consumers.
- While proposing these reforms, the administration faces inflation at 6.4% in June and did not specify how it will reconcile revenue loss with existing deficit and debt targets.
12 Articles
12 Articles
Marcos highlights energy, tax, and infrastructure reforms in SONA 2026
Mikaela Ariar, Philippine Canadian Inquirer July 28, 2026 PHILIPPINES – During the 2026 State of the Nation Address (SONA), Philippine President Ferdinand “Bongbong” Marcos Jr. highlighted pivotal reforms on the […] The post Marcos highlights energy, tax, and infrastructure reforms in SONA 2026 appeared first on Philippine Canadian Inquirer.
Marcos extends tax relief to Filipinos hit by Middle East crisis
MANILA, Philippines — The government is seeking sweeping tax relief measures aimed at protecting middle-class workers and small entrepreneurs affected by the lingering economic impact of the Middle East crisis. In his fifth State of the Nation Address (Sona) 2026, President Ferdinand Marcos Jr. said the government must not take the middle class and small business
Pangilinan welcomes Marcos' Progress Bill
MANILA, Philippines — Sen. Francis "Kiko" Pangilinan on Monday welcomed President Ferdinand Marcos Jr.'s push for the proposed Progress Bill, saying that meaningful tax reforms should ultimately ease the burden on ordinary Filipinos and provide greater opportunities for those who have long been left behind.In a statement, Pangilinan said that any reforms to the country’s tax system must ensure economic growth for every Filipino family, particula…
Marcos pushes tax cuts, lower power bills as inflation strains economy
In his fifth SONA, the President seeks quick, consumer-facing wins by pushing to raise the annual personal income tax exemption threshold to cover more middle-income Filipinos and end system loss charges on electricity bills
President Ferdinand “Bongbong” Marcos Jr. on Monday called on both houses of Congress to amend the Electric Power Industry Reform Act (EPIRA) to eliminate systems loss charges, including its associated value-added tax (VAT), which are passed on and charged to electricity consumers.
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