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  1. Section 1. Title. - This Act shall be known as the "Tax Reform for Acceleration and Inclusion (TRAIN)". Section 2. Declaration of Policy. - It is hereby declared the policy of the State:

  2. 27 Δεκ 2017 · The TRAIN will provide hefty income tax cuts for majority of Filipino taxpayers while raising additional funds to help support the government’s accelerated spending on its “Build, Build, Build” and social services programs.

  3. Program to “top withholding agents” who shall withhold 1% and 2% withholding tax on income payments on supplies of goods and services, respectively • Adjustment on the thresholds for certain de minimis benefits

  4. The Tax Reform for Acceleration and Inclusion Law (TRAIN Law), [1] officially designated as Republic Act No. 10963, is the initial package of the Comprehensive Tax Reform Program (CTRP) signed into law by President Rodrigo Duterte on December 19, 2017.

  5. 3 Οκτ 2021 · What is the TRAIN law? REPUBLIC ACT No. 10963 more popularly known as the Tax Reform for Acceleration and Inclusion (TRAIN) Program is the first package of the Comprehensive Tax Reform Program (CTRP) that took effect on January 1, 2018, under the Duterte Administration.

  6. The Bureau of Internal Revenue (BIR) issued Revenue Regulations No. (RR) 13-2018 implementing the value-added tax (VAT) provisions of Republic Act No. 10963 or Tax Reform for Acceleration and Inclusion (TRAIN) Law by amending RR 16-2005 (Consolidated VAT Regulations of 2005), with its salient features as follows:

  7. President Rodrigo Roa Duterte signed the Republic Act 10963 also known as TRAIN law. 1. Implementation of the TRAIN law. WHAT DOES TRAIN AIM FOR? TRAIN aims to make the current tax system simpler, fairer, and more efficient. By 2020.