tax reform news and updates

Rappler's latest stories on tax reform

ARTICLE FINDER

#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.

Where do 2019 senatorial bets stand on key national issues?

Oct 27, 2018 - 11:15 AM

When the senatorial campaigns kick off, check the candidates' claims against this list of issues that have so far made headlines in 2018

ISSUES. Rappler looks into the stands of senatorial bets on various political and national issues. Photo by Angie de Silva/Rappler

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

DOF expects Trabaho bill to create 1.4 million jobs

Oct 17, 2018 - 3:30 PM

Finance Assistant Secretary Tony Lambino says the Trabaho bill would convince more firms to expand due to additional incentives, contrary to views of business groups

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

Senators' election plans bog down Trabaho bill – think tank

Oct 08, 2018 - 9:44 PM

The Action for Economic Reforms says Senator Sonny Angara can pass on the Trabaho bill to other lawmakers if he fears the measure will hurt his reelection bid

Rappler Talk: Dissecting the Trabaho bill

Oct 01, 2018 - 3:10 PM

Rappler talks to Chito Zaldarriaga, president of the Philippine Ecozones Association, about their take on the Duterte administration's second tax reform package

Instead of more jobs, DOLE sees layoffs under Trabaho bill

Sep 25, 2018 - 6:16 PM

The Department of Labor and Employment warns that the industry and services sector would take a hit should the Trabaho bill push through

Books will stay tax-exempt under Trabaho bill – DOF

Sep 25, 2018 - 2:35 PM

'Contrary to the wrong information spreading online, the Trabaho bill will not remove the VAT and customs duties exemption on the publication, sale, and importation of books,' says the Department of Finance

#AskTheTaxWhiz: What does the Trabaho bill offer?

Sep 17, 2018 - 3:00 PM

The Philippine Tax Whiz discusses the impact of the Trabaho bill to ordinary taxpayers

Foreign chambers on Trabaho bill: 'Leave PEZA alone'

Sep 12, 2018 - 5:12 PM

'We are advocating for the continued operation of PEZA as it is now. And also making sure that rationalizing our incentives [that] it is still competitive with the rest of the region,' a business group executive says

INVESTMENTS. Joint Foreign Chambers of Commerce of the Philippines cautions the government from the current version of the Trabaho bill. Photo by Aika Rey/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 3rd reading

Sep 10, 2018 - 4:50 PM

(UPDATED) But opposition lawmakers vote no to the Tax Reform for Attracting Better and Higher Quality Opportunities bill, arguing it would lead to job losses

OVERWHELMING SUPPORT. Only 14 lawmakers say no to the Tax Reform for Attracting Better and Higher Quality Opportunities bill. File photo by Darren Langit/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

Things you need to know about Trabaho bill

Sep 02, 2018 - 6:06 PM

The Trabaho bill aims to reduce the corporate income tax rate from 30% to 20%

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

Job losses seen under Trabaho bill

Aug 30, 2018 - 7:45 PM

'The tax reform measures being put forth will reverse the progress...attained thus far,' says the Philippine Ecozones Association


[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?

Job losses 'very minimal' under Trabaho bill – DOF

Aug 22, 2018 - 1:45 PM

Finance Undersecretary Karl Kendrick Chua says over 97,000 small and medium enterprises can expand their businesses and generate more jobs due to lower taxes

JOBS. Finance Undersecretary Karl Kendrick Chua says lowering of corporate income taxes mean more jobs. Photo by Toto Lozano/Presidential Photo


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

Expand Train law subsidies for poor in 2019 budget

Aug 07, 2018 - 8:38 PM

Senator Paolo Benigno Aquino IV says those who need subsidy exceed the 10 million projected under the budget department

EXPAND SUBSIDIES. Senator Bam Aquino said subsidies given to the poor as a mitigating measure of the tax reform law should be expanded in the proposed 2019 national budget. File photo by Angie de Silva/Rappler

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

Piston, other groups to hold transport strike on June 25

Jun 21, 2018 - 11:52 AM

Aside from the government's jeepney phaseout program, the groups will also protest rising fuel prices caused by the TRAIN law

Jeepney drivers and operators belonging to transport group PISTON hold streamers against the phase-out of passengers jeepneys from 15 years old and above in a protest rally during their nationwide transport caravan at the Elliptical Road in Quezon City. Photo by: DARREN LANGIT

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

[EDITORIAL] #AnimatED: The bad joke that is Benjamin Diokno

Jun 04, 2018 - 9:00 AM

Step down from your ivory tower and embrace reality – the reality of the shrinking peso, in the truest meaning of the word

[OPINION] Higher inflation: Is TRAIN to blame? (Part 2)

Jun 03, 2018 - 8:00 AM

Higher inflation, coupled with the forthcoming 2019 midterm election, has suddenly turned TRAIN into a political hot potato

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

[OPINION] Higher inflation: Is TRAIN to blame? (Part 1)

Jun 02, 2018 - 10:33 PM

In these tough times, government officials must be wary of populist policies that could make matters worse. They should also avoid making callous remarks that tend to belittle the poor and add insult to their economic injury.

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

DOTr to revive unaudited fuel subsidies program for jeepney drivers

May 25, 2018 - 7:01 PM

With rising petroleum prices, the government is eyeing to revive a fuel subsidy program – which remains unaudited – for jeepney drivers towards the end of 2018

SUBSIDY. The transportation department is looking at giving subsidies to jeepney drivers amid higher oil prices.