Category Archives: BIR News & Updates

TRAIN Update: President Duterte Signs Tax Reform Bill

December 19, 2017 — Tuesday — After being ratified by both the Senate and House of Representatives, the first package of the Tax Reform for Acceleration and Inclusion (TRAIN) has now been signed into law by President Rodrigo Duterte. As expected, this tax package is set to be implemented by January of 2018. In Ratifying…

Everything You Need to Know About the Tax Reform Bill

The House Bill No. 5636, also known as TRAIN (Tax Reform for Acceleration and Inclusion) is one of the most talked about bill this year. After being approved by the House of Representatives for the third and final reading, this “comprehensive tax reform package” will soon become a law to be embraced by PH taxpayers.…