DOF welcomes filing in Congress of corporate tax reform bill

Finance Secretary Carlos Dominguez III has welcomed the filing in the House of Representatives of a bill that aims to institute reforms in the country’s corporate tax system as he…

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Taxpayers have P10-B cash bonanza per month under TRAIN

Filipino consumers now have a combined P10 billion cash bonanza to spend more each month following the implementation starting last January of the Tax Reform for Acceleration and Inclusion Act…

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7.4 million households to receive unconditional cash transfers in 1st quarter

Unconditional cash transfers (UCTs) amounting to P2,400 for 2018 will be distributed within the first quarter to some 7.4 million households, comprising the 4.4 million existing beneficiaries under the Pantawid…

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TRAIN to eventually rescue 21-M Filipinos from poverty

The Tax Reform for Acceleration and Inclusion Act (TRAIN) will set the staging ground to rescue 21 million Filipinos from poverty in the long run because additional revenues from this…

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TRAIN removes oppressive rates for delinquent tax payments

The Tax Reform for Acceleration and Inclusion (TRAIN) has done away with punitive and confiscatory interest rates that encourage delinquency rather than compliance in paying the correct amount of taxes,…

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DOF cites better collection of tobacco excise taxes with TRAIN

The year-on-year January 2018 inflation rate of 4 percent, which is still within the target set by the Bangko Sentral ng Pilipinas (BSP), was partly the result of better compliance…

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Employees see cash bonanza with higher take-home pay under TRAIN

With the implementation of the Tax Reform for Acceleration and Inclusion Act (TRAIN) starting this January, non-minimum wage earners such as teachers, mall executives and car salespersons now enjoy an…

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