Sunday, February 18, 2018

THE TAX REFORM FOR ACCELERATION AND INCLUSION (TRAIN) ACT: RA 10963

T.R.A.I.N your self with our new Philippine Taxation.

What is the purpose of T.R.A.I.N?

The purpose of TRAIN is to make our country’s tax system:
1. Simple
2. Fair
3. Efficient

What are the changes that will satisfy the purpose of the new tax system of the Philippines; if it will really create a simpler, fair, and more efficient tax system.

A. Simple -> Efficient
        a. Simplifying Estate and Donor’s Tax
        b. Simplified Value-Added Tax (VAT)

B. Fair -> Efficient
        a. Lowering Personal Income Tax
        b. Increasing the Excise Tax on Petroleum products
        c. Increasing the Excise Tax on Automobiles
        d. Increasing the Excise Tax for  Sugar-Sweetened Beverages

Downlodable discussions:
Link1: Introduction
Link2: TRAIN LAW-Income Taxation
Link3: TRAIN LAW-Value Added Tax
Link4: TRAIN LAW-Excise Products
Link5: TRAIN LAW-Cosmetics Procedure
Link6: TRAIN LAW-Sweetened Beverages
Link7: TRAIN LAW-Transfer Taxes
Link8: TRAIN LAW-Documentary Stamp Tax

*above files/documents are NOT FOR SALE.









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Revenue Regulation 11-2018

DOWNLOAD PDF HERE:  RR No. 11-2018 - Withholding of Income Tax