The Tax Reform for Acceleration and Inclusion (TRAIN) Act has been enacted into law as RA 10693 on December 19, 2017. The first in a series of packages under the Comprehensive Tax Reform Program (CTRP), TRAIN seeks to lower personal income taxes while raising duties on fuel, cars, coal, and sugar-sweetened beverages, among others. Several proposals were vetoed thereby removing five (5) provisions such as those concerning the tobacco excise tax, personal income tax.
This year, the Department of Finance has once again tapped PCCI to be its partner in undertaking a nationwide roadshow on Package 2 of the CTRP, with the assistance of the USAID Facilitating Public Investments (FPI) Project. Package 2 covers the reduction of corporate income tax rates and the rationalization of fiscal incentives.
The PCCI takes this opportunity to invite PCCI-Baguio Benguet members and/or other tax practitioners to the Tax Reform Roadshow on March 7, 2018 I Baguio City. Registration is FREE. We shall be sending you the exact venue and program once the PCCI National have finalized with our partners.
COME. JOIN AND SUPPORT the program.
Meanwhile, greetings to all … a KUNG HEI FAT CHOI, EVERYONE!