The Tax Reform for Acceleration and Inclusion or TRAIN Law
The Tax Reform for Acceleration and Inclusion (TRAIN)--signed into law by President Rodrigo Duterte on Dec. 19, 2017--is the first among several tax reform measures of the administration. The TRAIN will have an impact on the take-home pay of Filipinos, prices of goods and services, and spending and consumption patterns.
Just how big or small will the changes be when TRAIN is implemented in 2018 and beyond? This infographic compares the current tax rates and the new tax rates that will be imposed under TRAIN.
The Pinoy Tax Reform Calculator