Tax 101
 

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What is tax reform program

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What the tax reform will fund

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Impact on Economy

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Impact on The People

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Latest News

  • Netizens back tax reform

    Some 160 netizens have gone online to express their support for the speedy congressional approval of the proposed Tax Reform for Acceleration and Inclusion (TRAIN) bill that aims to lower personal income tax (PIT) rates and institute other reforms in the current tax system to make it fairer, simpler and …Read More »
  • SSC says CTRP to spur growth, create jobs

    The Social Security Commission (SSC) has given its full backing to the Comprehensive Tax Reform Program (CTRP) package that the Department of Finance (DOF) wants the Congress to approve to make the country’s taxation simpler, fairer and more efficient, especially for the poor and middle-income Filipinos. In a resolution approved …Read More »
  • Gov’t losing P91 B yearly from VAT exemptions

    The Philippines’ antiquated tax code, which contains 59 lines of exemptions from the Value-Added Tax and 84 special VAT-related laws, have led to massive revenue leakages costing the government an estimated P90.7 billion each year, according to the Department of Finance (DOF). Finance Undersecretary Karl Kendrick Chua said overhauling the …Read More »
  • DOF welcomes final House committee approval of pro-poor tax reform bill

    The Department of Finance (DOF) welcomed Monday the final approval by the House ways and means committee of the substitute bill containing the first package of the Duterte administration’s Comprehensive Tax Reform Program (CTRP), with Undersecretary Karl Kendrick Chua expressing the hope that the entire House of Representatives could pass …Read More »
  • Income tax cuts sans new revenue measures anti-poor, fiscally unsustainable–DOF

    Implementing only the proposed reductions in personal income tax (PIT) rates without its accompanying reforms in tax policy and administration would torpedo the government’s anti-poverty agenda, jack up its debt-servicing costs by as much as P30 billion annually and pad borrowing costs for households as a result of higher interest …Read More »