Senator Compares Taxes in the Philippines to Other Asian Countries

Senator Compares Taxes in the Philippines to Other Asian Countries

Sen. Sonny Angara is one of the public officials who are vocal about the need to lower taxes in the Philippines. Just last year, he filed a bill seeking to lower individual income tax brackets, from 15 percent to 10 percent for those earning between P20,000 to P70,000, and from 32 percent to 25 percent for those earning over P1 million.

Recently, the senator also posted a photo on his Facebook page comparing the income tax in the Philippines compared to other countries in Asia. According to the post:

An annual income equivalent to P500,000 or more is taxed at:

0% in Brunei

2% in Singapore

11% in Malaysia

12% in Laos

20% in Vietnam

20% in Cambodia

32% in the Philippines

The senator capped off his post with the caption: Boom! #taxreform needed #killingmesoftly #deathandtaxes #deathbytaxes

What do you think? Share your thoughts below!






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