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Understanding the TRAIN Law in the Philippines by Nica Basti is a document available to read on EtoBox.
What is Understanding the TRAIN Law in the Philippines about?
The TRAIN Law aims to make the Philippine tax system simpler, fairer and more efficient. It lowers personal income tax for low and middle-income earners while increasing tax rates for higher incomes. It also raises taxes on goods like fuel, vehicles, tobacco and sugary drinks. The law required many regulations from the Bureau of Internal Revenue to implement changes to income tax, VAT, excise taxes and more. Regulations clarified provisions, set new tax rates and codes, and provided transition periods as th
- Author
- Nica Basti
- Language
- EN