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TRAIN chugs along

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, […]

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New tax regime for the new year

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 […]

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