President Duterte Signs the New Tax Reform Law

Manila – Philippine President Rodrigo Duterte has signed the new Tax Reform Law called the Tax Reform for Acceleration and Inclusion (TRAIN) on December 19, 2017.

Starting on January 1, 2018 the take home money of most average employees and small time business owners will drastically increase.

However, there will be an increase to some of the products and services (like cigarettes, alcoholic beverages and cosmetic surgery, cars) that some can only be afford by well-off individuals.

Please check below how are going to be affected by this new tax reforms.

Please share to your friends!!!

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.