we have a TRAIN bill

@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
@lady1993 (27224)
• Philippines
10 Jul 18
the new tax is good... but the prices of goods are higher too
1 person likes this
@Jessabuma (31700)
• Baguio, Philippines
10 Jul 18
@lady1993 Yes that's true. So sad
@Hannihar (130218)
• Israel
11 Jan 18
I hope it all works out for you.
1 person likes this
@lady1993 (27224)
• Philippines
15 Jan 18
thanks, just saw the new pay slip and it is good
@Hannihar (130218)
• Israel
15 Jan 18
@lady1993 That is good lady Di.
@ddnj2006 (652)
• Philippines
27 Dec 17
Think it will quite affect most those with high cost of living since every purchase will surely result to additional price.
1 person likes this
@lady1993 (27224)
• Philippines
15 Jan 18
yeah, i am just worried because all i hear in the news is price hike in goods and gasoline
1 person likes this
@ddnj2006 (652)
• Philippines
17 Jan 18
@lady1993 it's the rich business owner strategy, I guess. For us to believe that people in low will be most affected.
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
@lady1993 (27224)
• Philippines
15 Jan 18
yeah, that is quite sad to hear, especially to those who do not even earn minimum wages
1 person likes this
@JustBhem (70555)
• Davao, Philippines
23 Dec 17
A lot of people are looking forward to that.
1 person likes this
@lady1993 (27224)
• Philippines
15 Jan 18
yeah, count me in too.
1 person likes this
• 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
@lady1993 (27224)
• Philippines
15 Jan 18
all we can do is hope indeed
1 person likes this
• Kathmandu, Nepal
15 Jan 18
@lady1993 Yeah, for sure!