Tax Reform for Acceleration and Inclusion - updates

Rappler's latest stories on Tax Reform for Acceleration and Inclusion

ARTICLE FINDER

House panel OKs Trabaho bill

Aug 14, 2019 - 3:51 PM

House committee on ways and means chair Joey Salceda is expected to sponsor the Trabaho bill for 2nd reading on the same day his panel approves it

BUSINESSES. The Trabaho bill aims to reduce the corporate income tax rate from 30% to 20%. File photo by LeAnne Jazul/Rappler

[ANALYSIS] How the TRAIN law worsened poverty, inequality

Apr 25, 2019 - 2:10 PM

Keep in mind that a number of lawmakers seeking reelection today advocated for the TRAIN law or otherwise helped push it forward

Macalintal, Tañada challenge Angara: Explain why you pushed for TRAIN

Mar 05, 2019 - 5:55 PM

'Kung ito'y magandang batas, dapat sana hinaharap kayo ni Senator Angara, 'di ba?' Otso Diretso candidate Romy Macalintal tells the crowd at a campaign event

Photo by Mara Cepeda/Rappler

Senatorial bets hit TRAIN law, fuel excise tax

Feb 25, 2019 - 11:17 AM

As fuel serves as a key component in production of goods, a number of senatorial candidates called for a repeal in the fuel excise tax law

A gasoline attendant fills up a passengers jeepney with fuel at a gas station in Commonwealth Ave in Quezon City on Sunday, November 4, 2018. Oil firms earlier in the day hike prices of diesel by P1.00 per liter and gasoline by P1.10 per liter. Photo by Darren Langit/Rappler

#AskTheTaxWhiz: Do candidates pay taxes for campaign expenses?

Feb 06, 2019 - 1:00 PM

The Philippine Tax Whiz tells us when political contributions and campaign expenses are taxable

#AskTheTaxWhiz: VAT-exempt medicines and other 2019 TRAIN provisions

Jan 23, 2019 - 12:00 PM

The Philippine Tax Whiz discusses provisions of the Tax Reform for Acceleration and Inclusion law taking effect in 2019

DSWD assures beneficiaries increase in subsidies despite reenacted budget

Jan 10, 2019 - 8:18 PM

10 million households are scheduled to receive raises in cash subsidies to help them cope with the impact of the tax reform law

SUBSIDY. A senior citizen receives P2,400 from the government to help offset the impact of the tax reform law. Photo by Aika Rey/Rappler

Oil price hike on January 8 not due to Train Law – DOE

Jan 07, 2019 - 6:23 PM

Oil companies will hike diesel prices by P0.70 per liter and gasoline by P0.80 per liter amid price movements in the global market

INCREASES. Global market forces force local players to slightly increase gas prices. Photo by Darren Langit/Rappler

[ANALYSIS] New year, new fuel taxes: Do we really need them?

Jan 03, 2019 - 12:05 PM

Not only is TRAIN failing to generate enough revenues as expected, it is also demonstrably anti-poor and anti-environment

DOE: 2nd round of fuel tax hikes don’t cover 2018 stocks

Dec 28, 2018 - 1:36 PM

DOE chief Alfonso Cusi warns oil industry players that applying the 2019 tax rates on 2018 oil stocks may lead to company closure and even estafa charges

THE TRAIN EFFECT. Expect fuel prices to go up by January 1, 2019 due to the Train Law. File photo by Rappler

#AskTheTaxWhiz: New, updated BIR forms under TRAIN law

Dec 26, 2018 - 11:00 AM

The Philippine Tax Whiz discusses the Bureau of Internal Revenue forms affected by the tax reform law

#AskTheTaxWhiz: New interest penalties under TRAIN law

Dec 12, 2018 - 3:15 PM

The Philippine Tax Whiz discusses the new rules on interest penalty under the Tax Reform for Acceleration and Inclusion law

#AskTheTaxWhiz: What are deductions, exemptions from gross income?

Dec 04, 2018 - 3:55 PM

The Philippine Tax Whiz discusses the changes to allowable deductions under the Tax Reform for Acceleration and Inclusion law

#AskTheTaxWhiz: What are the new alphanumeric tax codes under TRAIN?

Nov 21, 2018 - 3:30 PM

The Philippine Tax Whiz consolidates all the new alphanumeric tax codes (ATCs) under the Tax Reform for Acceleration and Inclusion law

#AskTheTaxWhiz: How the TRAIN law affects documentary stamp tax

Nov 16, 2018 - 11:00 AM

The Philippine Tax Whiz discusses the changes in documentary stamp tax rates under the Tax Reform for Acceleration and Inclusion law

#AskTheTaxWhiz: Taxes for exporters

Oct 31, 2018 - 4:00 PM

Are exporters required to pay value-added tax? The Philippine Tax Whiz explains.

Rappler Talk: Mon Abrea on the unintended effects of tax reform

Oct 25, 2018 - 2:56 PM

Tax expert Mon Abrea gives his unsolicited advice to the government on how to implement genuine tax reform

Sonny Angara fends off TRAIN law criticism as he files COC

Oct 17, 2018 - 9:35 PM

Senator Juan Edgardo 'Sonny' Angara pushes for remedial measures to cushion the impact of the Duterte administration's tax reform law

Sen. Sonny Angara files his certificate of candidacy for senator at the Comelec office in Manila on October 17, 2018. Photo by Angie de Silva/Rappler

Poe files COC for senator, hits unfulfilled gov't promises

Oct 15, 2018 - 9:35 PM

Senator Grace Poe says the Duterte administration failed to deliver promises that were supposed to cushion the impact of the TRAIN law

Sen. Grace Poe pose with her mother, Movie actress Susan Roces (right), after filing her Certificate of Candidacy at the Comelec office in Manila on October 15, 2018. Photo by Angie de Silva/Rappler

Duterte to suspend fuel tax increase under TRAIN law

Oct 14, 2018 - 4:05 PM

(3rd UPDATE) President Rodrigo Duterte is implementing this in a bid to ease inflation and 'allow the public to manage their finances better'

Curent oil price hike gas prices. Photo by Jire Carreon/Rappler

House opposition wants to suspend excise tax increases on fuel, oil

Sep 10, 2018 - 8:30 PM

Opposition lawmakers argue suspending the excise tax increases on fuel and oil products will help curb rising inflation

RISING. The TRAIN law affects fuel prices. File photo by Ben Nabong/Rappler

House approves Trabaho bill on 2nd reading

Sep 04, 2018 - 6:35 PM

Speaker Gloria Macapagal Arroyo herself is present at the plenary to ensure the approval of the tax reform measure

TAX REFORM. The House of Representatives approved the Trabaho bill on 2nd reading on September 4. 2018. File photo by Darren Langit/Rappler

[OPINION] Tax carbon emitters, use new revenue for health care

Aug 23, 2018 - 8:57 AM

Will our lawmakers seize this golden opportunity or will they resign us to a future of unintended consequences?

Senators slam agencies over high inflation

Aug 16, 2018 - 9:55 PM

Senator Sherwin Gatchalian says they have to assess how the implementation of the tax reform law should proceed in 2019, given the 'slow' pace of measures to help the poor

INFLATION. Senator Sherwin Gatchalian during the Senate hearing on the TRAIN Law on August 16, 2018. Photo by Angie de Silva/Rappler


LIVE: Senate hearing on TRAIN law's impact on inflation

Aug 16, 2018 - 9:42 AM

Watch the hearing live on Thursday, August 16

Rappler Talk: Mon Abrea on TRAIN law

Aug 08, 2018 - 2:50 PM

Rappler talks to tax expert Mon Abrea about the opportunities and threats under the Tax Reform for Acceleration and Inclusion law

2nd TRAIN package now called Trabaho; revenue loss expected

Aug 07, 2018 - 6:30 PM

Finance Undersecretary Karl Kendrick Chua says the government would lose P62 billion in revenue upon the implementation of the proposal in 2021

INCENTIVES. The Philippine government's second package of tax reforms aims to lower corporate income tax and remove certain fiscal incentives. File photo by Therence Koh/AFP

Private hospitals warn TRAIN 2 will jack up medical bills

Aug 06, 2018 - 5:15 PM

The Private Hospitals Association of the Philippines also says cutting corporate tax incentives would lead to the closure of some hospitals

BILLS. The Private Hospitals Association of the Philippines, Inc. warns patients will shell out more for healthcare if tax perks will be cut. Rappler file photo

Schools fear TRAIN package 2 could raise tuition, other fees

Aug 02, 2018 - 4:15 PM

Finance Undersecretary Karl Kendrick Chua says underperforming private schools are very profitable and enjoy tax perks

HIGHER TUITION. The Coordinating Council of Private Educational Associations of the Philippines says cutting tax perks will result to higher school fees. Rappler file photo

EXPLAINER: Why the government is pushing for 2nd TRAIN package

Jul 31, 2018 - 3:05 PM

Economic managers aim to cut corporate taxes and push for a simpler fiscal incentive scheme, so what's stopping them? Two Goliaths: politics and money.

Arroyo prioritizes passage of fiscal incentives reform

Jul 31, 2018 - 1:14 PM

Speaker Gloria Macapagal-Arroyo says the tax reforms are part of her promise to fulfill President Rodrigo Duterte's legislative agenda in the House

TAX REFORM SUPPORT. Speaker Gloria Macapagal Arroyo says she will push for the passage of President Rodrigo Duterte's priority bills. File photo by Darren Langit/Rappler

PEZA, Board of Investments challenge 2nd TRAIN package

Jul 24, 2018 - 7:20 PM

The agencies warn that the 2nd tranche of the Tax Reform for Acceleration and Inclusion law might spook investors and may even be unconstitutional

Duterte: No stopping TRAIN law

Jul 23, 2018 - 9:30 PM

President Rodrigo Duterte says some have 'incorrectly blamed' the price increases in the past months to the Tax Reform for Acceleration and Inclusion law

[EDITORIAL] #AnimatED: ‘Tatak-pagbabago’ ba ng Dutertenomics ang inflation?

Jul 09, 2018 - 9:01 AM

Bolang kristal ba ang kinonsulta ng mga ekonomista ni Duterte?

#AskTheTaxWhiz: Planning to buy a car?

Jun 26, 2018 - 10:45 AM

The Philippine Tax Whiz explains the impact of the Tax Reform for Acceleration and Inclusion (TRAIN) law on the prices of automobiles

TRAIN law abuses women – rights group

Jun 20, 2018 - 4:45 PM

Women's rights group Oriang says poor women suffer the most under the Tax Reform for Acceleration and Inclusion (TRAIN) law

#AskTheTaxWhiz: Social mitigating measures of tax reform law

Jun 20, 2018 - 3:00 PM

The Philippine Tax Whiz lets us know about provisions in the TRAIN law meant to help the poorest of the population

DSWD chief: P2,400 subsidy not enough to shield poor from TRAIN impact

Jun 15, 2018 - 12:55 PM

'Ang sabi po ngayon, na hindi sapat ang tinutulong na P200 a month. Totoo naman pong hindi,' says Social Welfare Acting Secretary Virginia Orogo

SUBSIDY. A senior citizen receives P2,400 that will help offset the impact of the tax reform law. Photo by Aika Rey/Rappler

Higher prices partly due to NFA's 'incompetence' – Diokno

Jun 11, 2018 - 12:42 PM

Budget Secretary Benjamin Diokno says the National Food Authority's 'incompetence' caused panic which resulted in higher rice prices

GOING DOWN. Department of Budget and Management Secretary Benjamin Diokno says inflation is already decelerating. File photo by Aika Rey/Rappler

P42,000-budget for a family of 5 not official NEDA estimate – Pernia

Jun 08, 2018 - 1:43 PM

National Economic and Development Authority Secretary Ernesto Pernia says at least two family members should work to allow the family to live a comfortable life

Despite higher inflation, economic managers reject TRAIN law suspension

Jun 05, 2018 - 1:45 PM

'We must stay the course,' the economic managers say in a joint statement as they defended the tax reform law as crucial to progress

INFLATION BRIEFING. Budget Secretary Benjamin Diokno (middle) reads the joint statement of the Department of Budget and Management, Department of Finance, and National Economic and Development Authority on the May 2018 inflation figure. Photo from DBM

Duterte: Congress to decide on TRAIN law suspension

Jun 03, 2018 - 2:04 AM

'There's no value in giving so much importance of what I want because, kung sabihin ko naman na, huwag, it would be needed for the 'Build Build Build,' at kung sabihin nila, talagang palitan natin, wala naman akong magawa,' says President Rodrigo Duterte

HIGHER PRICES. Higher price increases are noted for rice, corn, fish, fruits, and vegetables in March 2018. File photo by Jay Directo/AFP

Grace Poe urges speedy release of gov't subsidies under tax reform law

Jun 02, 2018 - 6:18 PM

Senator Grace Poe says the funds are needed to help the poor and affected sectors cope with higher prices due to the tax reform law

ASK THE PEOPLE. Sen. Grace Poe went to bus stations in Albay to get the feel of the public on the effects of the TRAIN Law. Photo by Rhaydz B. Barcia/Rappler

Businesses warn ill effects of TRAIN Law package 2

May 30, 2018 - 5:58 PM

The Philippine Association of Multinational Companies Regional Headquarters Inc. warns legislators that the removal of tax incentives may scare away foreign investors

Basagan ng Trip with Leloy Claudio: The economics of TRAIN law, inflation and Build, Build, Build

May 25, 2018 - 9:18 PM

Economics PhD student JC Punongbayan explains in Part 2 of this Economics Series why TRAIN may be ill-timed, which sector is worst hit by inflation and why Build, Build, Build may be bad for traffic

Tax reform law delays Pampanga school building projects – COA

May 06, 2018 - 5:50 PM

The Commission on Audit notes that 21 out of 25 proposed school building projects in 2017 are delayed after being sent back for cost adjustment

Calida defends tax reform: Poor 'shielded' by gov't cash handouts

May 01, 2018 - 5:21 PM

Bayan Muna Representative Carlos Zarate says Solicitor General Jose Calida's argument is 'deceptive and misleading'

FUEL TAX. Solicitor General Jose Calida says higher taxes on fuel only has a 0.1% maximum effect on transporation rates. File photo by Ben Nabong/Rappler

Philippine inflation rate averages 3.8% for Q1 2018

Apr 20, 2018 - 10:40 AM

(3rd UPDATE) Inflation hits its highest quarterly average since 2014 as the tax reform law, higher oil prices, a weaker peso, and the tightening of US monetary policy take their toll

Taxes on sugary drinks hurt sari-sari stores – survey

Apr 19, 2018 - 4:40 PM

A Nielsen study shows consumers have been drinking less sugary drinks and even taking items out of their grocery baskets, as prices rose with the implementation of the tax reform law

PRICE HIKES.The retail price of a one-liter bottle of Coca-Cola, for instance, is projected to increase to P43 from the current P31, due to the tax reform law. Photo by Chrisee Dela Paz/Rappler

Dissecting TRAIN’s impact on our incomes

Apr 06, 2018 - 3:31 PM

In the mad rush to get the tax reform law going, government may have inadvertently trampled on and railroaded the poor