TRAIN (Simplified version)

The TRAIN or The Tax Reform for Acceleration and Inclusion (RA 10963) has been effective in the Philippines since January 1, 2018. Its primary objective is to shift the levied taxes from the lower-income generating public into the high-income earners of the country. Much have been said about the new tax rules and summaries of the RA have already been circulating, but the real question is, how will this reform really affect each stakeholder and how will they understand each tax law given its vast data? Sometimes, we ignore details due to varied constraints. One of the best advices given … Continue reading TRAIN (Simplified version)