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  • Rationale For Passing Tax Reform: The TRAIN Law Is The First Package of The Administration's Much Awaited

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    The TRAIN law was the first part of the Philippines' comprehensive tax reform program, taking effect 15 days after publication. It aimed to make the tax system simpler, fairer and more efficient by imposing or increasing excise taxes on some products and services. Tax reform can help reduce evasion and avoidance, allowing more efficient and fair collection to finance public services. The primary goal of tax reform is to minimize tax avoidance and evasion.

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    The TRAIN law was the first part of the Philippines' comprehensive tax reform program, taking effect 15 days after publication. It aimed to make the tax system simpler, fairer and more efficient by imposing or increasing excise taxes on some products and services. Tax reform can help reduce evasion and avoidance, allowing more efficient and fair collection to finance public services. The primary goal of tax reform is to minimize tax avoidance and evasion.

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    Rationale For Passing Tax Reform: The TRAIN Law Is The First Package of The Administration's Much Awaited

    Uploaded by

    cristine albano
    The TRAIN law was the first part of the Philippines' comprehensive tax reform program, taking effect 15 days after publication. It aimed to make the tax system simpler, fairer and more efficient by imposing or increasing excise taxes on some products and services. Tax reform can help reduce evasion and avoidance, allowing more efficient and fair collection to finance public services. The primary goal of tax reform is to minimize tax avoidance and evasion.

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    The TRAIN law is the first package of the administration's much awaited

    COMPREHENSIVE TAX REFORM PROGRAM. It takes affect 15 days after it is


    published in the official Gazette or publications of general circulations. The aims
    to make the current tax system simpler, fairer, and more efficient. TRAIN imposed
    or increased excise taxes on certain products and services. These new rates needed
    to be supported by specific regulation.

    2. Rationale for passing tax reform


    Tax Reform can reduce tax evasion and avoidance, and allow for more
    efficient and fair tax collection that can finance public goods and services. Tax
    reform is the process of changing the way taxes are collected or managed by the
    government and is usually undertaken to improve tax administration or to provide
    economic or social benefits. Tax reform is introduced for multiple purposes. The
    first and foremost purpose is to minimize the slightest of probabilities of avoidance
    and evasion of tax from the economy.

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