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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.
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
On February 13, several senators questioned a new ₱ 26.7 billion cash assistance program of the Department of Social Welfare and Development (DSWD) named "Ayuda sa Kapos ang Kita Program" (AKAP), which they described as a "foreign project". DSWD Undersecretary for Legislative affairs Fatima Aliah Dimaporo said the project was also "just as ...
Institute progressive tax reform and more effective tax collection, indexing taxes to inflation. Increase competitiveness and the ease of doing business. Accelerate annual infrastructure spending to account for 5% of GDP, with Public-Private Partnerships playing a key role.
January 15: Protesters gathered at a market in Manila to call for the revocation of the Tax Reform for Acceleration and Inclusion Law (also known as the TRAIN Law). [60] January 18: Students from University of the Philippines (UP) Diliman protested the Securities and Exchange Commission's (SEC) order to shut down the online news site Rappler ...
Under his leadership, the Department of Finance (DOF) was able to draft and introduce to Congress the first of a series of the Duterte administration’s proposed tax reform packages known as the Tax Reform for Acceleration and Inclusion Law (TRAIN) Act less than 90 days from the time he assumed the Cabinet portfolio in July 2016. [8]
Ecuador's National Assembly on Tuesday approved a tax amnesty proposed by President Daniel Noboa aimed at coaxing delinquent taxpayers to pay outstanding bills, part of a tax reform that also ...
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 ...