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Tax reform is the process of changing the way taxes are collected or managed by the government and is usually undertaken to improve tax administration or to provide economic or social benefits. Tax reform can include reducing the level of taxation of all people by the government, making the tax system more progressive or less progressive, or simplifying the tax system and making the system ...

Package 1: TRAIN Republic Act No. 10963 or Tax Reform for Acceleration and Inclusion (TRAIN) addresses several weaknesses of the current tax system by lowering and simplifying personal income taxes, simplifying estate and donor’s taxes, expanding the value-added tax (VAT) base, adjusting oil and automobile excise taxes, and introducing excise tax on sugar-sweetened beverages.

Currently homeowners pay no taxes on capital gains from the sale of their home on up to $250,000 ($500,000 for married taxpayers). The proposed tax bill may change that.

House Ways and Means Chairman Kevin Brady (R-TX) discusses progress on the tax reform bill with reporters at the U.S. Capitol on December 15, 2017 in Washington, DC.

What taxes are included in the new Philippine tax reform program, also known as TRAIN? We summarize below a list of revised and brand-new taxes that are part of the approved Tax Reform for Acceleration and Inclusion or TRAIN law initiated by the Department of Finance (DOF) and ratified by Congress. Implementation of the new taxation under TRAIN begun on January 1, 2018 after being signed into ...

Do you want to know how much your new take-home pay is under the approved TRAIN tax reform law of the Philippines? We provide below an income tax table which shows: (1) how much tax is currently being deducted from your salary per month; and

Land reform in the Philippines has long been a contentious issue rooted in the Philippines's Spanish Colonial Period.Some efforts began during the American Colonial Period with renewed efforts during the Commonwealth, following independence, during Martial Law and especially following the People Power Revolution in 1986. The current law, the Comprehensive Agrarian Reform Program, was passed ...

MANILA, Philippines – The Tax Reform for Acceleration and Inclusion’s (Train) first package promised citizens higher take-home pay through the reduction of personal income tax. A key component ...

Metro Manila (CNN Philippines, February 15) — The rice tariffication bill has been enacted into law, Presidential Spokesperson Salvador Panelo confirmed Friday. President Rodrigo Duterte ...

New Issuances. Revenue Regulations No. 1-2019 further amends certain provisions of RR No. 2-98, as amended by RR No. 11-2018, which implemented the provisions of RA No. 10963 (TRAIN Law) relative to some changes in the rate of Creditable Withholding Tax on certain income payments. more. Revenue Memorandum Order No. 10-2019 grants Value-Added Tax (VAT) privileges to resident foreign missions ...

Tax Reform Bill Philippines >> How to use the DOF Tax Calculator (A step-by-step guide) – PinoyMoneyTalk.com

Tax Reform Bill Philippines >> How to use the DOF Tax Calculator (A step-by-step guide) – PinoyMoneyTalk.com

Tax Reform Bill Philippines >> Tax Reform 2018: When Can You Expect The Changes To Happen? - eCompareMo - eCompareMo

Tax Reform Bill Philippines >> Tax Reform 2018: When Can You Expect The Changes To Happen? - eCompareMo - eCompareMo

Tax Reform Bill Philippines >> Tax Table 2017 Philippines | Brokeasshome.com

Tax Reform Bill Philippines >> Tax Table 2017 Philippines | Brokeasshome.com

Tax Reform Bill Philippines >> DOF's 2019 wish: Passage of Trabaho bill, other tax reform packages

Tax Reform Bill Philippines >> DOF's 2019 wish: Passage of Trabaho bill, other tax reform packages

Tax Reform Bill Philippines >> 2017 Tax Tables | Brokeasshome.com

Tax Reform Bill Philippines >> 2017 Tax Tables | Brokeasshome.com

Tax Reform Bill Philippines >> Congress passes bill imposing additional excise tax on fuel - Auto Industry News

Tax Reform Bill Philippines >> Congress passes bill imposing additional excise tax on fuel - Auto Industry News

Tax Reform Bill Philippines >> Proposed excise tax to add at least 3 Pesos to gas, diesel prices - Auto Industry News

Tax Reform Bill Philippines >> Proposed excise tax to add at least 3 Pesos to gas, diesel prices - Auto Industry News

Tax Reform Bill Philippines >> UPDATED: How the Approved Excise Tax Bill Affects 20 Popular Vehicles | Philippine Car News, Car ...

Tax Reform Bill Philippines >> UPDATED: How the Approved Excise Tax Bill Affects 20 Popular Vehicles | Philippine Car News, Car ...

Tax Reform Bill Philippines >> DOF on TRAIN: But wait, there's more - News in the Philippines

Tax Reform Bill Philippines >> DOF on TRAIN: But wait, there's more - News in the Philippines

Tax Reform Bill Philippines >> Withholding Tables 2017 | Brokeasshome.com

Tax Reform Bill Philippines >> Withholding Tables 2017 | Brokeasshome.com