Tax Reform for Acceleration and Inclusion Law

Tax Reform for Acceleration and Inclusion Law-min

The TRAIN Law

The Tax Reform for Acceleration and Inclusion (TRAIN), otherwise known as RA 10963, is the first package of the Duterte administration’s Comprehensive Tax Reform Program (CTRP) which seeks to propose major changes in the Philippine tax system. It was signed into law by President Rodrigo Duterte last Dec. 19 and implemented on Jan. 1 of this year.