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The Senate had to wait for the House of Representatives version to get passed before it could start plenary discussions like other bills on budget or tax and appropriations. The Senate voted 17–1 to approve the Tax Reform Acceleration and Inclusion (TRAIN) bill, with Sen. Risa Hontiveros being the lone dissenter on November 28, 2017.
July 26, 2018 [22] 11055 Philippine Identification System Act of 2018: August 6, 2018 [23] 11057 Personal Property Security Act August 17, 2018 [24] 11058 Occupational Safety and Health Standards Law August 20, 2018 [25] 11106 Filipino Sign Language Act November 12, 2018 [26] 11131 The Philippine Criminology Profession Act of 2018 November 15 ...
The value-added tax (VAT) rate since 2006 is 12%. [2] [5] The new VAT threshold was changed from Php 1,919,500 to Php 3,000,000 [6] [7] as a result of the passage of the Tax Reform for Inclusion and Acceleration (TRAIN) Law.
This is an accepted version of this page This is the latest accepted revision, reviewed on 16 February 2025. ← 2017 2016 2015 2018 in the Philippines → 2019 2020 2021 Decades: 1990s 2000s 2010s 2020s See also: List of years in the Philippines films music television sports 2018 in the Philippines details events of note that happened in the Philippines in 2018. Incumbents For the current ...
Tax Reform for Acceleration and Inclusion (TRAIN) Act of 2017: RA 11054 July 26, 2018 Bangsamoro Organic Law: RA 11055 August 6, 2018 Philippine Identification System Act [3] RA 11106 October 30, 2018 Filipino Sign Language Act of 2018: RA 11201 February 14, 2019 Department of Human Settlements and Urban Development (DHSUD) Act of 2019: RA 11469
Philippines Nobel laureate Maria Ressa and her news site Rappler were acquitted of tax fraud by a trial court on Tuesday, in another legal victory for the embattled journalist and for press ...
The implementation of the TRAIN Law triggered protests from various left-wing groups. On January 15, 2018, protesters gathered at various public market sites, calling for the revocation of TRAIN. [164] However, proponents of the program cite its appeal to foreign investors and economic benefits as the main reasons behind tax reform.
This was undertaken through the implementation of change initiatives that were directed to: 1) reform the tax system to make it simpler and suit the Philippine culture; 2) reengineer the tax processes to make them simpler, more efficient and transparent; 3) restructure the BIR to give it financial and administrative flexibility; and 4) redesign ...