SlideShare a Scribd company logo
1 of 5
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
New 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, high 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 New Tax Reform

More Related Content

What's hot

Efficient-Financial-Budget-Update-2017
Efficient-Financial-Budget-Update-2017Efficient-Financial-Budget-Update-2017
Efficient-Financial-Budget-Update-2017
Derek Crummy
 
Financial planning introduction fall 2010
Financial planning introduction fall 2010Financial planning introduction fall 2010
Financial planning introduction fall 2010
dphil002
 
Tax planning introduction fall 2012
Tax planning introduction fall 2012Tax planning introduction fall 2012
Tax planning introduction fall 2012
dphil002
 
Central Eastern European Tax Brochure 2014 WEB
Central Eastern European Tax Brochure 2014 WEBCentral Eastern European Tax Brochure 2014 WEB
Central Eastern European Tax Brochure 2014 WEB
Christos Carvounis
 

What's hot (19)

Chapter 03
Chapter 03Chapter 03
Chapter 03
 
Efficient-Financial-Budget-Update-2017
Efficient-Financial-Budget-Update-2017Efficient-Financial-Budget-Update-2017
Efficient-Financial-Budget-Update-2017
 
Tax evasion
Tax evasionTax evasion
Tax evasion
 
Financial planning introduction fall 2010
Financial planning introduction fall 2010Financial planning introduction fall 2010
Financial planning introduction fall 2010
 
Australia Taxation
Australia TaxationAustralia Taxation
Australia Taxation
 
FY 2016 Tax Facts
FY 2016 Tax FactsFY 2016 Tax Facts
FY 2016 Tax Facts
 
Tax planning introduction fall 2012
Tax planning introduction fall 2012Tax planning introduction fall 2012
Tax planning introduction fall 2012
 
FY2014 Tax Facts
FY2014 Tax FactsFY2014 Tax Facts
FY2014 Tax Facts
 
Fairfax County FY2014 Tax Facts
Fairfax County FY2014 Tax FactsFairfax County FY2014 Tax Facts
Fairfax County FY2014 Tax Facts
 
International tax newsletter september 2017 - Kreston International
International tax newsletter   september 2017 - Kreston InternationalInternational tax newsletter   september 2017 - Kreston International
International tax newsletter september 2017 - Kreston International
 
2011-2012 Fairfax County Tax Facts
2011-2012 Fairfax County Tax Facts2011-2012 Fairfax County Tax Facts
2011-2012 Fairfax County Tax Facts
 
FY 2017 Tax Facts
FY 2017 Tax FactsFY 2017 Tax Facts
FY 2017 Tax Facts
 
FY 2017 Tax Facts
FY 2017 Tax FactsFY 2017 Tax Facts
FY 2017 Tax Facts
 
FY2015 Tax Facts
FY2015 Tax FactsFY2015 Tax Facts
FY2015 Tax Facts
 
2013 Tax Facts: General Information about Fairfax County Taxes
2013 Tax Facts: General Information about Fairfax County Taxes2013 Tax Facts: General Information about Fairfax County Taxes
2013 Tax Facts: General Information about Fairfax County Taxes
 
Central Eastern European Tax Brochure 2014 WEB
Central Eastern European Tax Brochure 2014 WEBCentral Eastern European Tax Brochure 2014 WEB
Central Eastern European Tax Brochure 2014 WEB
 
Tackling Tax Avoidance
Tackling Tax AvoidanceTackling Tax Avoidance
Tackling Tax Avoidance
 
State revenue from taxes - taking a look in six slides
State revenue from taxes - taking a look in six slidesState revenue from taxes - taking a look in six slides
State revenue from taxes - taking a look in six slides
 
Budget 2017
Budget 2017Budget 2017
Budget 2017
 

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

GST-HSTTRAINING MANUAL
GST-HSTTRAINING MANUALGST-HSTTRAINING MANUAL
GST-HSTTRAINING MANUAL
Roger Sinniah
 

Similar to Philippine TRAIN Law (Tax Reform for Acceleration and Inclusion Act) by Dr. Joy Kenneth S. Biasong, BSA, BSC-BA, MPA, MBA, MEd.,D.M., Ed.D., Ph.D. (20)

Philippine TRAIN Law (Tax Reform for Acceleration and Inclusion Law) by Dr. J...
Philippine TRAIN Law (Tax Reform for Acceleration and Inclusion Law) by Dr. J...Philippine TRAIN Law (Tax Reform for Acceleration and Inclusion Law) by Dr. J...
Philippine TRAIN Law (Tax Reform for Acceleration and Inclusion Law) by Dr. J...
 
Report evat
Report evatReport evat
Report evat
 
Tax-structure-in-the-Philippines-and-other-3rd-world-countries (1).pptx
Tax-structure-in-the-Philippines-and-other-3rd-world-countries (1).pptxTax-structure-in-the-Philippines-and-other-3rd-world-countries (1).pptx
Tax-structure-in-the-Philippines-and-other-3rd-world-countries (1).pptx
 
TOPIC12-TRAIN LAW_PPT.pptx
TOPIC12-TRAIN LAW_PPT.pptxTOPIC12-TRAIN LAW_PPT.pptx
TOPIC12-TRAIN LAW_PPT.pptx
 
Skp global expansion updates-February 2016
Skp global expansion updates-February 2016Skp global expansion updates-February 2016
Skp global expansion updates-February 2016
 
Rationale up to Flow of Research
Rationale up to  Flow of Research Rationale up to  Flow of Research
Rationale up to Flow of Research
 
IRS Announces Newly Modified Offshore Compliance Programs
IRS Announces Newly Modified Offshore Compliance ProgramsIRS Announces Newly Modified Offshore Compliance Programs
IRS Announces Newly Modified Offshore Compliance Programs
 
Taxation 3
Taxation 3Taxation 3
Taxation 3
 
excise tax
excise tax excise tax
excise tax
 
GST-HSTTRAINING MANUAL
GST-HSTTRAINING MANUALGST-HSTTRAINING MANUAL
GST-HSTTRAINING MANUAL
 
New Tax in the Country | Excise Tax Will Come Into Play By October 1st
New Tax in the Country | Excise Tax Will Come Into Play By October 1stNew Tax in the Country | Excise Tax Will Come Into Play By October 1st
New Tax in the Country | Excise Tax Will Come Into Play By October 1st
 
CUSTOMS Newsletter
CUSTOMS NewsletterCUSTOMS Newsletter
CUSTOMS Newsletter
 
Introduction to tax accounting accounts next gen
Introduction to tax accounting   accounts next genIntroduction to tax accounting   accounts next gen
Introduction to tax accounting accounts next gen
 
Puerto Rico: Value Added Tax - Impact on the Restaurant Industry
Puerto Rico: Value Added Tax - Impact on the Restaurant IndustryPuerto Rico: Value Added Tax - Impact on the Restaurant Industry
Puerto Rico: Value Added Tax - Impact on the Restaurant Industry
 
taxation
taxationtaxation
taxation
 
Government of Uganda Budget 2013/2014
Government of Uganda Budget 2013/2014Government of Uganda Budget 2013/2014
Government of Uganda Budget 2013/2014
 
Ch. 9 Taxes
Ch. 9 TaxesCh. 9 Taxes
Ch. 9 Taxes
 
Puerto Rico: Value Added Tax - Impact on the Services Industry
Puerto Rico: Value Added Tax -  Impact on the Services IndustryPuerto Rico: Value Added Tax -  Impact on the Services Industry
Puerto Rico: Value Added Tax - Impact on the Services Industry
 
Excise Tax in UAE – Scope Expansion.pdf
Excise Tax in UAE – Scope Expansion.pdfExcise Tax in UAE – Scope Expansion.pdf
Excise Tax in UAE – Scope Expansion.pdf
 
Train
TrainTrain
Train
 

More from Dr. Joy Kenneth Sala Biasong

More from Dr. Joy Kenneth Sala Biasong (20)

Management Advisory Services (Differential Cost Analysis) by Dr. Joy Kenneth ...
Management Advisory Services (Differential Cost Analysis) by Dr. Joy Kenneth ...Management Advisory Services (Differential Cost Analysis) by Dr. Joy Kenneth ...
Management Advisory Services (Differential Cost Analysis) by Dr. Joy Kenneth ...
 
Project Feasibility Study
Project Feasibility StudyProject Feasibility Study
Project Feasibility Study
 
Financial Statements Analysis for Non-Accountants
Financial Statements Analysis for Non-AccountantsFinancial Statements Analysis for Non-Accountants
Financial Statements Analysis for Non-Accountants
 
Financial Management (Short-Term Course for Non-Finance Managers) MBA Program
Financial Management (Short-Term Course for Non-Finance Managers) MBA ProgramFinancial Management (Short-Term Course for Non-Finance Managers) MBA Program
Financial Management (Short-Term Course for Non-Finance Managers) MBA Program
 
Financial Management (Short-Term Course for Non-Finance Managers) MBA Program
Financial Management (Short-Term Course for Non-Finance Managers) MBA ProgramFinancial Management (Short-Term Course for Non-Finance Managers) MBA Program
Financial Management (Short-Term Course for Non-Finance Managers) MBA Program
 
Project Feasibility Study: Concepts and Procedures ( Accountancy, Management ...
Project Feasibility Study: Concepts and Procedures ( Accountancy, Management ...Project Feasibility Study: Concepts and Procedures ( Accountancy, Management ...
Project Feasibility Study: Concepts and Procedures ( Accountancy, Management ...
 
Business Planning (Business Plan for a Start-Up Venture)
Business Planning (Business Plan for a Start-Up Venture)Business Planning (Business Plan for a Start-Up Venture)
Business Planning (Business Plan for a Start-Up Venture)
 
Financial Statements Analysis
Financial Statements AnalysisFinancial Statements Analysis
Financial Statements Analysis
 
Business Planning (Business Plan for a Start-Up Venture)
Business Planning (Business Plan for a Start-Up Venture)Business Planning (Business Plan for a Start-Up Venture)
Business Planning (Business Plan for a Start-Up Venture)
 
Revised Guidelines on the Establishment, Merging, Conversion and Naming/Renam...
Revised Guidelines on the Establishment, Merging, Conversion and Naming/Renam...Revised Guidelines on the Establishment, Merging, Conversion and Naming/Renam...
Revised Guidelines on the Establishment, Merging, Conversion and Naming/Renam...
 
Project Feasibility Study: Concepts and Procedures ( Accountancy, Management ...
Project Feasibility Study: Concepts and Procedures ( Accountancy, Management ...Project Feasibility Study: Concepts and Procedures ( Accountancy, Management ...
Project Feasibility Study: Concepts and Procedures ( Accountancy, Management ...
 
Guidelines on the Assessment and Rating of Learning Outcomes under the K to...
Guidelines on the Assessment  and Rating of Learning Outcomes under the  K to...Guidelines on the Assessment  and Rating of Learning Outcomes under the  K to...
Guidelines on the Assessment and Rating of Learning Outcomes under the K to...
 
Project Feasibility Study: Concepts and Procedures ( Accountancy, Management ...
Project Feasibility Study: Concepts and Procedures ( Accountancy, Management ...Project Feasibility Study: Concepts and Procedures ( Accountancy, Management ...
Project Feasibility Study: Concepts and Procedures ( Accountancy, Management ...
 
Child Protection Policy
Child Protection PolicyChild Protection Policy
Child Protection Policy
 
Project Feasibility Study: Concepts and Procedures ( Accountancy, Management ...
Project Feasibility Study: Concepts and Procedures ( Accountancy, Management ...Project Feasibility Study: Concepts and Procedures ( Accountancy, Management ...
Project Feasibility Study: Concepts and Procedures ( Accountancy, Management ...
 
Industrial Arts Curriculum Map
Industrial Arts Curriculum MapIndustrial Arts Curriculum Map
Industrial Arts Curriculum Map
 
Agriculture and Fishery Arts Curriculum Map
Agriculture and Fishery Arts Curriculum MapAgriculture and Fishery Arts Curriculum Map
Agriculture and Fishery Arts Curriculum Map
 
Home Economics Curriculum Map
Home Economics Curriculum MapHome Economics Curriculum Map
Home Economics Curriculum Map
 
Araling Panlipunan K to 12 Curriculum Guide
Araling Panlipunan  K to 12 Curriculum GuideAraling Panlipunan  K to 12 Curriculum Guide
Araling Panlipunan K to 12 Curriculum Guide
 
ICT Curriculum Map
ICT Curriculum MapICT Curriculum Map
ICT Curriculum Map
 

Recently uploaded

NewBase 24 May 2024 Energy News issue - 1727 by Khaled Al Awadi_compresse...
NewBase   24 May  2024  Energy News issue - 1727 by Khaled Al Awadi_compresse...NewBase   24 May  2024  Energy News issue - 1727 by Khaled Al Awadi_compresse...
NewBase 24 May 2024 Energy News issue - 1727 by Khaled Al Awadi_compresse...
Khaled Al Awadi
 
Constitution of Company Article of Association
Constitution of Company Article of AssociationConstitution of Company Article of Association
Constitution of Company Article of Association
seri bangash
 
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot ReportFuture of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
Dubai Multi Commodity Centre
 

Recently uploaded (20)

Unveiling the Dynamic Gemini_ Personality Traits and Sign Dates.pptx
Unveiling the Dynamic Gemini_ Personality Traits and Sign Dates.pptxUnveiling the Dynamic Gemini_ Personality Traits and Sign Dates.pptx
Unveiling the Dynamic Gemini_ Personality Traits and Sign Dates.pptx
 
How to Maintain Healthy Life style.pptx
How to Maintain  Healthy Life style.pptxHow to Maintain  Healthy Life style.pptx
How to Maintain Healthy Life style.pptx
 
Toyota Kata Coaching for Agile Teams & Transformations
Toyota Kata Coaching for Agile Teams & TransformationsToyota Kata Coaching for Agile Teams & Transformations
Toyota Kata Coaching for Agile Teams & Transformations
 
Special Purpose Vehicle (Purpose, Formation & examples)
Special Purpose Vehicle (Purpose, Formation & examples)Special Purpose Vehicle (Purpose, Formation & examples)
Special Purpose Vehicle (Purpose, Formation & examples)
 
LinkedIn Masterclass Techweek 2024 v4.1.pptx
LinkedIn Masterclass Techweek 2024 v4.1.pptxLinkedIn Masterclass Techweek 2024 v4.1.pptx
LinkedIn Masterclass Techweek 2024 v4.1.pptx
 
A Brief Introduction About Jacob Badgett
A Brief Introduction About Jacob BadgettA Brief Introduction About Jacob Badgett
A Brief Introduction About Jacob Badgett
 
NewBase 24 May 2024 Energy News issue - 1727 by Khaled Al Awadi_compresse...
NewBase   24 May  2024  Energy News issue - 1727 by Khaled Al Awadi_compresse...NewBase   24 May  2024  Energy News issue - 1727 by Khaled Al Awadi_compresse...
NewBase 24 May 2024 Energy News issue - 1727 by Khaled Al Awadi_compresse...
 
Stages of Startup Funding - An Explainer
Stages of Startup Funding - An ExplainerStages of Startup Funding - An Explainer
Stages of Startup Funding - An Explainer
 
Equinox Gold Corporate Deck May 24th 2024
Equinox Gold Corporate Deck May 24th 2024Equinox Gold Corporate Deck May 24th 2024
Equinox Gold Corporate Deck May 24th 2024
 
Potato Flakes Manufacturing Plant Project Report.pdf
Potato Flakes Manufacturing Plant Project Report.pdfPotato Flakes Manufacturing Plant Project Report.pdf
Potato Flakes Manufacturing Plant Project Report.pdf
 
New Product Development.kjiy7ggbfdsddggo9lo
New Product Development.kjiy7ggbfdsddggo9loNew Product Development.kjiy7ggbfdsddggo9lo
New Product Development.kjiy7ggbfdsddggo9lo
 
The Truth About Dinesh Bafna's Situation.pdf
The Truth About Dinesh Bafna's Situation.pdfThe Truth About Dinesh Bafna's Situation.pdf
The Truth About Dinesh Bafna's Situation.pdf
 
Constitution of Company Article of Association
Constitution of Company Article of AssociationConstitution of Company Article of Association
Constitution of Company Article of Association
 
HR and Employment law update: May 2024.
HR and Employment law update:  May 2024.HR and Employment law update:  May 2024.
HR and Employment law update: May 2024.
 
Series A Fundraising Guide (Investing Individuals Improving Our World) by Accion
Series A Fundraising Guide (Investing Individuals Improving Our World) by AccionSeries A Fundraising Guide (Investing Individuals Improving Our World) by Accion
Series A Fundraising Guide (Investing Individuals Improving Our World) by Accion
 
Hyundai capital 2024 1q Earnings release
Hyundai capital 2024 1q Earnings releaseHyundai capital 2024 1q Earnings release
Hyundai capital 2024 1q Earnings release
 
HAL Financial Performance Analysis and Future Prospects
HAL Financial Performance Analysis and Future ProspectsHAL Financial Performance Analysis and Future Prospects
HAL Financial Performance Analysis and Future Prospects
 
Elevate Your Online Presence with SEO Services
Elevate Your Online Presence with SEO ServicesElevate Your Online Presence with SEO Services
Elevate Your Online Presence with SEO Services
 
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot ReportFuture of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
 
MichaelStarkes_UncutGemsProjectSummary.pdf
MichaelStarkes_UncutGemsProjectSummary.pdfMichaelStarkes_UncutGemsProjectSummary.pdf
MichaelStarkes_UncutGemsProjectSummary.pdf
 

Philippine TRAIN Law (Tax Reform for Acceleration and Inclusion Act) by Dr. Joy Kenneth S. Biasong, BSA, BSC-BA, MPA, MBA, MEd.,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 New 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, high 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 New Tax Reform