we have a TRAIN bill
By lady Di
@lady1993 (27224)
Philippines
December 23, 2017 5:16am CST
Our president recently approved a new computation for tax. Since my salary has a huge tax, the entire salary is taxable because we have no allowance. I am excited how this will affect me, i sure hope the tax will go down. it would be a really big help. It will be implement this coming January 2018, so the wait won't be long.
Tax Reform for Acceleration and Inclusion (TRAIN)
During his first state of the nation address, President Rodrigo Duterte promised a “simpler” and “fairer” tax reform program, and he delivered after he signed a new law that overhauls the country’s 20-year-old tax regime.
4 people like this
6 responses
@Jessabuma (31700)
• Baguio, Philippines
9 Jul 18
That's nice! Hope it went well for you
1 person likes this
@allen0187 (58582)
• Philippines
24 Dec 17
The salary after taxes will indeed go up but so will the price of basic commodities. All the increase will be for nothing.
1 person likes this
@allen0187 (58582)
• Philippines
15 Jan 18
@lady1993 the TRAIN is anti-poor and pro-rich.
1 person likes this
@creativeaashish (2609)
• Kathmandu, Nepal
23 Dec 17
Yeah the days will pass by. Any way, that might help for a better future. I hope.
1 person likes this