Foreign business leaders back TRAIN

Leaders of foreign business institutions and Cabinet officials have reiterated their support for the Tax Reform for Acceleration and Inclusion Act (TRAIN) as a key factor in transforming the country…

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PNP backs tax reform bill

The Philippine National Police (PNP) has expressed its “ardent support” for the Tax Reform for Acceleration and Inclusion Act (TRAIN), notably its proposed hefty personal income tax (PIT) cuts for…

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Dominguez thanks Senate for passing its TRAIN version

Finance Secretary Carlos Dominguez III said the government is now one big step closer to reforming the country's tax system for the first time in over two decades--and providing a…

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DOF expects fuel marking system in place by 2nd semester 2018

The Department of Finance (DOF) expects the fuel marking and monitoring system mandated under the proposed tax reform law to be in place by the second half of 2018 as…

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Former DOF execs ask Senate to preserve TRAIN’s original revenue goal

Former high-ranking officials of the Department of Finance (DOF) have appealed to the Senate to preserve the revenue requirements under the Duterte administration’s Tax Reform for Acceleration and Inclusion Act…

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AmCham joins biz community support for tax reform

The American Chamber of Commerce of the Philippines (AmCham) has joined the long list of prominent organizations from various sectors that have expressed their support for the proposed Tax Reform…

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TRAIN needed for PHL to join elite club of high-income economies

Finance Secretary Carlos Dominguez III said Thursday night the Philippines has reached the "make-or-break point" in its economic emergence, with the Comprehensive Tax Reform Program (CTRP) being pushed by the…

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DOF hopeful on TRAIN implementation by January 1 next year

Exactly one year this week after the Department of Finance (DOF) formally submitted to the Congress the first package of the Duterte administration’s Comprehensive Tax Reform Program (CTRP) that aims…

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TRAIN to benefit 99 percent of Filipino families

The Department of Finance (DOF) has maintained that the proposed Tax Reform for Acceleration and Inclusion Act (TRAIN) will benefit 99 percent of Filipino households because of its proposed income…

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