Press Releases

All about CMEPA

July 19th, 2025

  1. NO TAX on savings (the principal amount).
  2. NO CHANGE in tax on interest income for savings account, digital bank account, payroll account, e-money, time deposit below 5 years etc. (20% before CMEPA, still 20% after)
  3. Only tax exemption on interest income on long-term deposits above 5 years will be removed. Pre-termination (withdrawal before 5 years) was already subject to tax before CMEPA.
  4. REDUCED (lower tax) Stock transaction tax from 0.6% to 0.1%
  5. REMOVED (no more tax) DSTs on redemption of listed shares, issuance and redemption of mutual funds. Issuance of mutual fund and UITF shares, issuance of UITF certificates
  6. REDUCED (less tax) DST on issuance of shares of stock and Certificates of Indebtedness from 1% to 0.75%
  7. NEW TAX INCENTIVE – Companies who contribute to the Personal Equity and Retirement Account (PERA) of their employees (additional 50% deduction to taxable income)
  8. REPEALED – Excise tax exemption on pickup trucks
  9. REPEALED – GOCC and government agencies tax exemptions on interest income in 25 laws

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SALCEDA: PBBM ACHIEVED MOST COMPREHENSIVE U.S. DEAL SINCE JPEPA, A HISTORIC PACKAGE OF TRADE, DEFENSE, AND INVESTMENT GAINS
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Statement of Rep. Adrian Salceda on the upcoming SONA of President Marcos
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What’s Not Being Announced: Ten Key Undercurrents in the Trump–PBBM Tariff Talks
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Salceda in early talks to form “Fair Wage Bloc” in Congress, files HB 55
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