DOF-Tax-Calculator-web-banner1

The Department of Finance (DOF) has assured senators that subcompact sedans such as the Mitsubishi Mirage and compact multipurpose vehicles such as the Toyota Innova models will remain affordable to families wanting to buy them despite the proposed automobile excise tax increases under the tax reform bill because they are bound to get significant personal Read More

DOF-Tax-Calculator-web-banner1

More government executives have come out to support the proposed Tax Reform for Acceleration and Inclusion Act (TRAIN) now pending in the Senate, calling it a “win-win proposition” that would reform the country’s “outdated” tax system and at the same help raise funds for the government’s unmatched infrastructure, health and education, and social protection programs. Read More

DOF-Tax-Calculator-web-banner1

The country’s association of local government accountants and an umbrella group of over 400 public sector labor unions have joined the growing number of organizations that have expressed their full support for the proposed Tax Reform for Acceleration and Inclusion Act (TRAIN), which, they said, will put more money in people’s pockets while significantly improving Read More

DOF-Tax-Calculator-web-banner1

The Department of Finance (DOF) will conduct a forum next month to heighten public awareness of, and support for, the Duterte administration’s proposed Tax Reform for Acceleration and Inclusion Act (TRAIN) that aims to benefit 99 percent of Filipino taxpayers and help sustain the government’s accelerated spending on infrastructure, education, health and social protection programs. Read More

DOF-Tax-Calculator-web-banner1

Two pro-health organizations have expressed their support for the proposed Tax Reform Acceleration and Inclusion Act (TRAIN), particularly the bill’s provisions on fuel tax adjustments that they said would help curb the worsening air pollution responsible for lung cancer and other deadly respiratory ailments. In separate statements, the Philippine College of Chest Physicians (PCCP) and Read More

DOF-Tax-Calculator-web-banner1

The approval by an overwhelming majority in the House of Representatives of the first package of the Duterte administration’s Comprehensive Tax Reform Program (CTRP) is a “win-win” package for the Filipino people as it accomplishes the government’s twin goals of increasing the purchasing power of workers while raising spending for the poor, according to Finance Read More

DOF-Tax-Calculator-web-banner1

A leader of an economic reform advocacy group said the retention of the value-added tax (VAT)-exemption privilege for all cooperatives under the Tax Reform for Acceleration and Inclusion Act (TRAIN) bill approved by the House of Representatives is “extremely unfair” not only to taxpayers who are non-coop members, but even to small coops earning less Read More

DOF-Tax-Calculator-web-banner1

Some 6 million Filipinos earning P250,000 and below who comprise 83 percent of the base for individual taxpayers will no longer pay the personal income tax (PIT) under the proposed Tax Reform for Acceleration and Inclusion Act (TRAIN) that was approved last week by the House of Representatives. Of this number, some 28% or 2 Read More

DOF-Tax-Calculator-web-banner1

Apart from being “meritorious” on its own as a tool for overhauling the country’s “outdated” tax system, the Comprehensive Agrarian Reform Program (CTRP) being proposed by the Department of Finance (DOF) is a crucial funding component of the Duterte administration’s bold “Build, Build, Build” program, which will usher in the “Golden Age of Infrastructure,” according Read More

DOF-Tax-Calculator-web-banner1

Two tax research groups have thrown their support behind the common proposal of the Department of Finance (DOF) and the Congress to impose a flat 6 percent rate for donor’s and estate taxes as part of the Comprehensive Tax Reform Program (CTRP) to make the current tax system simpler, fairer and more effective, especially for Read More