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What is Impact of TRAIN Law on Filipino Economy about?

Republic Act No. 10963, known as the TRAIN Law, is a tax reform program in the Philippines aimed at generating revenue while promoting fairness in the tax system. It introduced higher excise taxes on certain goods, leading to increased consumer prices and inflation, but also provided tax relief for low- and middle-income individuals through adjusted income tax rates. The government implemented social mitigation measures to support vulnerable sectors affected by the law, highlighting the complex impact of TR

Author

greatestchinchin

Language

EN