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Mass-market cars to remain affordable despite higher excise taxes under TRAIN

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

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More execs back TRAIN

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Inclusion Act (TRAIN) now pending in the Senate, calling it a “win-win proposition” that would reform the country’s “outdated” tax system and at the same help raise funds for the government’s unmatched infrastructure, health and education, and social protection programs.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

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LGU accountants, gov’t workers back tax reform

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

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DOF to hold tax reform awareness forum

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

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Pro-health groups back tax reform bill

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

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Tax reform package a ‘win-win’ for Filipinos

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

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AER says retained VAT exemptions ‘extremely unfair’ to small coops, entrepreneurs

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

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Tax Reform vital to ‘Golden Age” of PHL Infrastructure

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