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The Philippines now finds itself embarking on a similar journey in the world of international taxation.
Digitalization. Artificial intelligence. Economic uncertainty. Geopolitical shifts. These themes have dominated recent headlines, with both local and global forces continuing to reshape the Philippine economy and business environment.
During his fifth State of the Nation Address (SONA) on 27 July 2026, President Ferdinand Marcos Jr. proposed increasing the annual personal income tax exemption threshold from ₱250,000 to ₱350,000.
The pattern is familiar to anyone who has led, sponsored, or lived through a digital transformation initiative. A new enterprise system is selected.
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