Tax Reform for Acceleration and Inclusion
‘Trabaho’ bill could cost local firms P298...
15 October, 2018 at 13:00
Local firms might be in support of the Trabaho bill—the second part of the tax-reform package now pending in Congress—but they could be committing a fatal mistake, in the view of the Philippine Economic Zone Authority.
TRAIN 2 year-end OK in Senate faces...
17 September, 2018 at 15:00
A bipartisan consensus is shaping up among senators for a more careful consideration of the administration’s second major tax-reform measure, as senators raised the possibility it may not be passed by Christmas
TRAIN 2 causing uncertainty among investors —...
29 August, 2018 at 11:40
The proposed second package of the Tax Reform for Acceleration and Inclusion (TRAIN 2) law creates uncertainty for existing and new investors as the measure is likely to lead to large scale revenue reduction and job losses…
June inflation rate of 5.2% worries senators
10 July, 2018 at 10:18
Senators on Thursday urged the Duterte government’s state economic managers to be realistic and flexible in forecasting the country’s economic outlook saying Filipino consumers are the ones bearing the burden of inflation.
Electronics exporters to raise CTRP-2 issues with...
19 February, 2018 at 13:00
Leaders of the country’s top exporting industry will meet with Finance Secretary Carlos G. Dominguez III next week to discuss their concerns over some of the provisions in the second package of the Comprehensive Tax Reform Program (CTRP).
[OPINION] Hoping for the best on VAT...
24 January, 2018 at 13:00
One of the concerns of corporate taxpayers is how to optimize their assets, including input value-added tax (VAT), for day-to-day operations.
Finance dep’t to submit another tax reform...
24 January, 2018 at 10:56
The Department of Finance (DoF) will submit to Congress another tranche of the second tax reform package by the end of the month that will impose more levies on tobacco, mining and coal…
Senate eyes Charter change that amends economic...
16 January, 2018 at 17:00
Long-envisioned but always sidelined amendments to the economic provisions of the 1987 Constitution—seen as too restrictive as to hinder the country’s global competitiveness and ability to invite investments…
Business leaders say economy ‘yet to run...
2 January, 2018 at 18:00
A stable environment helped the economy rev up in 2017, and business groups now believe tax reform, further ease of doing business…
[OPINION] Can We Spend, Spend, Spend?
18 October, 2017 at 14:21
After a lengthy legislative exercise, the Senate released a Committee Report last month that consolidated 31 different bills on the Tax Reform for Acceleration and Inclusion (TRAIN).
Senate studies option to cap sugary drinks...
25 August, 2017 at 15:00
The Senate is looking into slashing the proposed excise tax on sugary drinks to a maximum of P5 a liter depending on sugar content…
[OPINION] Unprocessed Mineral Export Ban
16 August, 2017 at 10:38
In his 2017 SONA, Pres. Duterte threatened, among others, to stop the export of unprocessed mining products. This follows the ban on similar products in 2014 by Indonesia.
Why the government TRAIN could derail
29 June, 2017 at 11:25
Under the government’s Tax Reform for Acceleration and Inclusion (TRAIN) program, projected gains from the VAT expansion (for fuel, automobile, and sugar-based foods) at P500 billion will offset revenue losses of P200 billion from the lowered personal income tax…
