Philippine House Representative Roman T. Romulo has introduced proposed individual income tax changes in Bill 4880. The changes include adjusting the tax brackets, lowering the rates in 2016, and further lowering the rates in 2017. The proposed brackets and rates are as follows: PHP 20,000 to 70,000 - 13% in 2016 and 10% in 2017 Over PHP 70,000 to PHP 200,000 - 18% in 2016 and 15% in 2017 Over PHP 200,000 to PHP 500,000 - 23% in 2016 and 20% in 2017 Over PHP 500,000 to PHP 800,000 - 25% in 2016 and 22% in 2017 Over PHP 800,000...