Get To Know The Comprehensive Tax Reform Program (CTRP)
Get to Know the Comprehensive Tax Reform Program (CTRP) of the Duterte administration.
The Tax Reform is one of the top priorities under the 10-Point Socioeconomic Agenda of the Duterte administration. It aims to institute a more progressive tax system and improve administration.
Package 1: TRAIN
Tax Reform for Acceleration and Inclusion
Republic Act No. 10963, or TRAIN, was signed into law in December 2017. This makes
the Philippine tax system simpler, fairer, and more efficient.
Package 2: TRABAHO
Tax Reform for Attracting Better and Higher-Quality Opportunities
House Bill 8083, or the TRABAHO Bill, passed the House on second reading last September 4, 2018. It now passed the third reading last September 10 with 187 votes.
TRABAHO aims to lower the Philippines’ corporate income tax rate and create a fair and accountable incentive system to make the Philippines more competitive.
The House of Representatives, or lower house, will now transmit the TRABAHO Bill to the Senate.
Package 1 B
Proposed amnesty program and adjustments in the motor vehicle user charge (MVUC).
Submitted with TRAIN but was not approved together with TRAIN.
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