By Erika Mae P. Sinaking, Reporter
PRESIDENT Ferdinand R. Marcos, Jr. on Monday asked Congress to pass a package of tax measures, including broader income tax exemptions for low- and middle-income earners and tax exemptions for micro, small, and medium enterprises, as he laid out his administration’s legislative priorities for the remainder of his term.
In his fifth State of the Nation Address (SONA), Mr. Marcos also sought congressional approval of measures updating the country’s tax system, alongside bills that would amend the National Building Code, modernize the 25-year-old Ecological Solid Waste Management Act and establish a law to make rooftop solar panels and battery storage systems more accessible to households.
“To ensure the continued progress of the middle class amidst the lingering effects of the crisis, we will pursue tax relief measures that promote growth, generate revenue and advance equity toward socioeconomic sustainability,” he said in his speech that lasted an hour and 26 minutes.
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