Tag - Tax Reform for Acceleration and Inclusion

The Senate’s Tax Reform for Acceleration and Inclusion (TRAIN) Bill and How It Affects Employees

The much anticipated Tax Reform for Acceleration and Inclusion (TRAIN) program has finally gained foothold in the Senate. Last September 20, the Senate Committee on Ways and Means officially endorsed Senate Bill 1592, its version of the tax reform package proposed by the Executive Branch. The said bill raises the take home pay of 99% of the individual income taxpayers in the country and exempts about 64% of all local workers — roughly 3.192 million Filipinos — from paying [...]

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