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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 term Dutertenomics was coined to describe the economic policy of the Duterte administration. The term also refers to the series of forums where Duterte's economic team pitches the administration's plan to help the country become a high-middle-income economy by 2022. [2]
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]
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 ...
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 ...
During his first 100 days in office, Duterte issued an executive order on freedom of information, [141] launched an intensified campaign against illegal drugs, sought to resume peace talks with communist insurgents, formulated a comprehensive tax reform plan, led efforts to pass the Bangsamoro Basic Law, made efforts to streamline government ...
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 ...