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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.
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.
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
Duterte's tax reform program has garnered both support and criticism. Critics have argued that the administration's tax policy would burden the poor. [163] The implementation of the TRAIN Law triggered protests from various left-wing groups.
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]
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 ...
A second impeachment complaint was filed on Wednesday against Philippine vice-president Sara Duterte over her alleged misuse of public funds and refusal to defend her budget before Congress. The ...
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 ]