News & Updates

TRAIN chugs along

January 15, 2018

Original article published on inquirer.net The Tax Reform for Acceleration and Inclusion (TRAIN) is expected to make our tax system simpler, fairer and more efficient. The substantial cuts in personal income tax will definitely increase the take-home pay of all individuals earning above minimum wage, but not more than P8 million a year. The TRAIN, […]

New tax regime for the new year

January 8, 2018

The overriding principle of the Tax Reform for Acceleration and Inclusion Act (RA 10963) is to make our tax system simpler, fairer and more efficient. Its key component is the lowering of the personal income tax (PIT), which should benefit 99 percent of Filipino families, according to the Department of Finance (DOF). While minimum wage […]

Veto or Not Veto?

December 28, 2017

Exercising his power to veto, President Rodrigo Duterte inked the 106-paged Tax Reform Acceleration and Inclusion into law removing five provisions from the original enrolled bill that will not only update our archaic tax system, but also chip in to his “Build, Build, Build” priorities which will benefit more than 7.5 million Filipinos to take […]

Citizen Tax Planning

December 19, 2017

Any day from now, we expect the Bicameral Committee to submit the final version of the Tax Reform for Acceleration and Inclusion (TRAIN) package one to Malacañang for the approval and signature of President Duterte. If everything goes according to plan of the Department of Finance (DoF), the tax reform law will be implemented in […]

How Can You Stop BIR Audit?

December 14, 2017

“Even if you pay the right taxes, the Bureau of Internal Revenue (BIR) will still audit and assess you to pay more taxes.” Agree? Undeniably, this is a common sentiment among taxpayers which has resulted in lower voluntary payments. It’s either they allocate a “budget” to compromise their tax assessments, or they get away with […]


Philippine Tax Congress: A Dialogue on Tax Reform for Inclusive Growth

Philippine Tax Congress
September 30, 2016

  The last comprehensive tax reform in the Philippines happened thirty years ago and there were several attempts to improve the current tax system. Now that there’s a new administration, there is an opportunity to pass and implement a meaningful tax reform with all the stakeholders included in the process. This triggered the initiative from […]

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