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Philippine President Marcos signs ease of paying taxes law



Philippine President Ferdinand Marcos Jr. has enacted Republic Act 11976, known as the “Ease of Paying Taxes Act,” a significant step in reforming the country’s tax system. The new law is part of the administration’s legislative agenda focused on enhancing tax administration efficiency and strengthening taxpayer rights. According to the Presidential Communications Office, this law aims to broaden the tax base by simplifying the tax system and reducing taxpayer burdens, ultimately boosting national revenue. It introduces a new classification system for taxpayers, dividing them into micro, small, medium, and large categories. This categorisation is expected to streamline the tax filing and payment process. The law allows both electronic and manual filing of returns.

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