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The Tax Reform for Acceleration and Inclusion Law (TRAIN Law), [1] officially designated as Republic Act No. 10963, is the initial package of the Comprehensive Tax Reform Program (CTRP) signed into law by President Rodrigo Duterte on December 19, 2017.
English: Republic Act No. 10963 (Tax Reform for Acceleration and Inclusion Law) PDF file on the Official Gazette of the Republic of the Philippines website, signed by President Rodrigo Duterte on December 27, 2017
R. A. No. Title / Description Date signed Ref. 10923 An Act postponing the October 2016 Barangay and Sangguniang Kabataan Elections, Amending for the Purpose Republic Act No. 9164, as amended by Republic Act No. 9340 and Republic Act No. 10656, Prescribing Additional Rules Governing the Conduct of Barangay and Sangguniang Kabataan Elections and for Other Purposes
The program's first package the Tax Reform for Acceleration and Inclusion Law (TRAIN Law) adjusted tax rates by excluding those earning an annual taxable income of ₱250,000 from paying personal income tax; the law also raised excise taxes on vehicles, sugar-sweetened beverages, petroleum products, and tobacco and other non-essential goods to ...
Institute progressive tax reform and more effective tax ... its list of flagship infrastructure projects under Duterte's "Build, Build, Build" program, expanding it ...
As a result of the 1986 tax reform program, average tax effort rose to 13.1 percent during the Aquino administration (1986–1992) and to 16.2 percent during the Ramos administration (1993–1998). Revenue effort rose steadily until the next round of tax reforms. Tax effort increased from 10.7% in 1985 to 15.4% in 1992, then peaked at 17.0% in ...
In the taxation reform law dubbed as the Tax Reform for Acceleration and Inclusion Law (TRAIN) signed by Philippine President Rodrigo Duterte in December 2017. It includes taxation on sugar-sweetened drinks which will be implemented the following year, as an effort to increase revenue and to fight obesity. [96]
Duterte initiated liberal economic reforms by amending the Foreign Investment Act of 1991 and the Public Service Act to attract foreign investors, and reformed the country's tax system by signing the Tax Reform for Acceleration and Inclusion Law and the Corporate Recovery and Tax Incentives for Enterprises Act while raising sin taxes on non ...