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  • Taxation in The Philippines

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    JayBe Sam Sambilawan
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    The Tax Reform for Acceleration and Inclusion (TRAIN) is the first part of the Philippines' comprehensive tax reform program aimed at making the tax system simpler, fairer and more efficient. It lowers personal income taxes and simplifies estate and donor taxes while expanding the VAT base and adjusting excise taxes. Revenues will fund infrastructure and social services to reduce poverty and inequality by providing education, healthcare, and infrastructure development.

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    Taxation in the Philippines

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    Taxation in the Philippines

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    The Tax Reform for Acceleration and Inclusion (TRAIN) is the first part of the Philippines' comprehensive tax reform program aimed at making the tax system simpler, fairer and more efficient. It lowers personal income taxes and simplifies estate and donor taxes while expanding the VAT base and adjusting excise taxes. Revenues will fund infrastructure and social services to reduce poverty and inequality by providing education, healthcare, and infrastructure development.

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    9 views1 page

    Taxation in The Philippines

    Uploaded by

    JayBe Sam Sambilawan
    The Tax Reform for Acceleration and Inclusion (TRAIN) is the first part of the Philippines' comprehensive tax reform program aimed at making the tax system simpler, fairer and more efficient. It lowers personal income taxes and simplifies estate and donor taxes while expanding the VAT base and adjusting excise taxes. Revenues will fund infrastructure and social services to reduce poverty and inequality by providing education, healthcare, and infrastructure development.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    The Tax Reform for Acceleration and Inclusion (TRAIN) is the first package of the

    comprehensive tax reform program (CTRP) envisioned by President Duterte’s


    administration, which seeks to to correct a number of deficiencies in the tax system
    to make it simpler, fairer, and more efficient. It also includes mitigating measures
    that are designed to redistribute some of the gains to the poor.

    Through TRAIN, every Filipino contributes in funding more infrastructure and


    social services to eradicate extreme poverty and reduce inequality towards
    prosperity for all. TRAIN addresses several weaknesses of the current tax system by
    lowering and simplifying personal income taxes, simplifying estate and donor’s
    taxes, expanding the value-added tax (VAT) base, adjusting oil and automobile
    excise taxes, and introducing excise tax on sugar-sweetened beverages.

    What will the tax reform fund?


    1. Education
    2. Healthcare Services
    3. Infrastructure

    http://www.dof.gov.ph/taxreform/index.php/train/

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