The Tax Reform for Acceleration and Inclusion, or TRAIN Bill of the Duterte’s administration proposes to decrease the personal income tax and make adjustments and increases in current levies of oil based products and VAT. The article looks into who will benefit and those who will feel the burden.
The proposed tax package seeks to lower the rate of personal income tax, giving salaried workers extra take-home pay. However, some lawmakers expressed fears this savings could be eroded by higher prices of goods and services as a result of the increase in excise taxes of oil-based products. Read more >
Author Lira Dalangin-Fernandez
News Site InterAksyon News 5
Date Published June 2, 2017
Article Link TRAIN Bill: Who wins, who loses in Du30 pet measure on tax reform?
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