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by:
DR. JOY KENNETH SALA BIASONG
Philippine train law
Philippine TRAIN Law
(R.A. No. 10963)
Tax Reform for Acceleration and Inclusion
P
Tax Reform for Acceleration and
Inclusion Law
Topics:
Personal Income Tax Rates
Tax Rates for Professionals
Withholding Tax for Self-Employed Professionals
New Withholding Tax Table for Compensation Earners
Donor’s Tax
Estate Tax
 Documentary Stamp Tax
 Stock Transaction Tax
 Foreign Currency Interest Income Tax
 Tax on 13th Month Pay and Other Bonuses
 Tax Exemption of Milk, 3 in 1 Coffee, Medicines
for diabetes, cholesterol and hypertension, etc.
 Tax on Sugar Drinks
 Tax on LPG, Diesel, Gasoline and other fuel
products
 Excise Tax on Cars and Automobiles
 Tax on Tobacco Products
 Tax on Alcoholic Drinks
 Tax on Coals
 Tax on Cosmetic Surgery and other Aesthetic
Procedures
 VAT Exempt
 Additional Take-Home Pay under the Philippine
Tax Reform

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Philippine TRAIN Law (Tax Reform for Acceleration and Inclusion Law) by Dr. Joy Kenneth S. Biasong, BSA, BSC-BA, MPA, MBA, MEd-SpEd., D.M., Ed.D., Ph.D.

  • 1. by: DR. JOY KENNETH SALA BIASONG Philippine train law Philippine TRAIN Law (R.A. No. 10963) Tax Reform for Acceleration and Inclusion P
  • 2. Tax Reform for Acceleration and Inclusion Law Topics: Personal Income Tax Rates Tax Rates for Professionals Withholding Tax for Self-Employed Professionals New Withholding Tax Table for Compensation Earners Donor’s Tax Estate Tax
  • 3.  Documentary Stamp Tax  Stock Transaction Tax  Foreign Currency Interest Income Tax  Tax on 13th Month Pay and Other Bonuses  Tax Exemption of Milk, 3 in 1 Coffee, Medicines for diabetes, cholesterol and hypertension, etc.
  • 4.  Tax on Sugar Drinks  Tax on LPG, Diesel, Gasoline and other fuel products  Excise Tax on Cars and Automobiles  Tax on Tobacco Products  Tax on Alcoholic Drinks  Tax on Coals  Tax on Cosmetic Surgery and other Aesthetic Procedures  VAT Exempt
  • 5.  Additional Take-Home Pay under the Philippine Tax Reform