Senate approves tax reform bill on 3rd reading

THE Senate, voting 17-1, passed on third and final reading on Tuesday the proposed Tax Reform for Acceleration and Inclusion (TRAIN) bill that would not only provide government the needed revenues for its massive infrastructure projects but would also allow taxpayers to enjoy higher take home pay.

The TRAIN is the first package of the comprehensive tax reform program envisioned by President Rodrigo Duterte as a vital component of his administration’s Build, Build, Build program.