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The Tax Reform for Acceleration and Inclusion Law or TRAIN Law

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Kittelson & Carpo Consulting
Kittelson & Carpo Consulting

The Tax Reform for Acceleration and Inclusion (TRAIN), otherwise known as RA 10963, is the first package of the Duterte administration’s Comprehensive Tax Reform Program (CTRP) which seeks to propose major changes in the Philippine tax system. It was signed into law by President Rodrigo Duterte last Dec. 19 and implemented on Jan. 1 of this year.

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