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What is Implementation of TRAIN Law in 2018 about?

The TRAIN Law is the Tax Reform for Acceleration and Inclusion Act, also known as Republic Act no. 10963, which was signed into law on December 19, 2017. It revised several taxes including personal income tax, estate tax, VAT, and excise taxes on petroleum, automobiles, tobacco, and other products. While some see benefits like exempting minimum wage earners from income tax, others criticize increased prices of certain goods. Supporters argue it will boost economic growth and employment, but critics say the

Author

Janlie Gautane

Language

EN