Tax

TRAIN

May 17,2019 09:26 AM

As envisioned by President Duterte’s administration, Tax Reform for Acceleration and Inclusion also known as TRAIN, is the first package of the comprehensive Tax Reform Program (CTRP) which seeks to correct a number of deficiencies in the Tax System to make it simpler, fairer and more efficient. It also includes mitigating measures that are designed to redistribute some of the gains to the poor.

The old Tax System has several weaknesses that the TRAIN addressed. Tax Reform program simplify personal income, estate and donor’s taxes. Funding more infrastructure and social services to eradicate extreme poverty and reduce inequality towards prosperity for all can be achieved. It also expands the Value-Added Tax (VAT) base, adjusting the oil and automobile excise taxes, and introducing excise tax on sugar-sweetened beverages.

The Tax Reform for Acceleration and Inclusion or TRAIN will fund the following:

• Education

  1. 100% Enrollment and completion rates
  2. Build more classrooms
  3. Hire more Teachers
     

• Healthcare Services

  1. Establish and Upgrade local hospitals.
  2. 100% Philhealth coverage at higher quality of services.
  3. Upgrade or Relocate rural and urban health units to disaster-resilient facilities.
  4. Build new rural health units and urban health centers.
  5. Hire more Doctors, Nurses, Dentist, Pharmacist, Medical Technologists, Public Health associates and UHC implementers.
     

• Infrastructure Programs

  1. Funds will be raised for major infrastructure projects which consist of major highways, expressways and flood control projects to sustain high and inclusive growth.


Tax Reform is redesigning our Tax System to be Simpler, Fairer and more efficient for all. The TRAIN also aims to provide the needed additional revenues that would fund our country’s investment needs, promoting better lives for all Filipinos.