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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
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 ...
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 ...
Institute progressive tax reform and more effective tax ... its list of flagship infrastructure projects under Duterte's "Build, Build, Build" program, expanding it ...
The senator who had sponsored this resolution, Bam Aquino, urged schools to adhere in full to the new law, which was all the more necessary as Filipino families were shouldering rising prices in goods and services due to the passage of the Tax Reform for Acceleration and Inclusion Law (TRAIN Law), and to refund whatever fees they may have ...
The adoption of the VAT system was one of the structural reforms provided for in the 1986 Tax Reform Program, which was designed to simplify tax administration and make the tax system more equitable. It was also in 1988 that the Revenue Information Systems Services Inc. (RISSI) was abolished and transferred back to the BIR by virtue of a ...
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.