Signed TRAIN Law (RA 10963) - Tax Reform for Acceleration and Inclusion
Rodrigo Roa Duterte • President of the Philippines • Dec 19, 2017
President Duterte signed Republic Act No. 10963, the Tax Reform for Acceleration and Inclusion (TRAIN) Act, on December 19, 2017. The first package of the Comprehensive Tax Reform Program reduced personal income tax rates for the majority of Filipino taxpayers while increasing excise taxes on fuel, automobiles, tobacco, and sweetened beverages to fund infrastructure and social services.
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