Train 2

By: Karl R. Ocampo, Philippine Daily Inquire, 9 Jan 2020 The country’s fisherfolk are already bracing for the impact of the last tranche of the Tax Reform for Acceleration and Inclusion (TRAIN) Act as their fuel costs are expected to increase by P1,000 a month with its implementation—a seemingly small amount but a huge sacrifice…

by Roy Stephen C. Canivel, Philippine Daily Inquirer, Aug 9, 2019 The second package of the Duterte administration’s tax reform program has a new name and, if conflicting proposals by two government agencies are settled, would have a new character, too. A new version of the second package, formerly called Tax Reform for Attracting Better…

By Cai Ordinario, Businessmirror, Apr 25, 2019 THE implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) law may have worsened the plight of lower-income households, according to studies commissioned by state-owned think tank Philippine Institute for Development Studies (PIDS).

by Mar S. Arguelles, Philippine Daily Inquirer, Apr 1, 2019 SORSOGON CITY — Senator Bam Aquino has warned that 90 percent of the foreign direct investments (FDI) in the country would pull out if the Duterte administration insists on pushing for its second package of the Tax Reform for Acceleration and Inclusion (TRAIN 2) law.

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by Cathrine Gonzales, Philippine Daily Inquirer, Dec 5, 2019 MANILA, Philippines — At least 1,200 companies might leave the country while a good number of investors may have doubts on investments if incentives are removed under the government’s proposed second package of tax reform.

by Louella Desiderio (The Philippine Star) – Oct 29, 2018 MANILA, Philippines — The Department of Trade and Industry (DTI) is proposing changes to the Tax Reform for Attracting Better and High Quality Opportunities (TRABAHO) bill such as longer period for income tax holidays (ITH) of five years instead of three years, an option for…

By TED CORDERO, GMA News, Sep 12, 2018 The Joint Foreign Chambers of Commerce of the Philippines (JFC) on Wednesday urged the Duterte administration to retain the incentives of companies registered under the Philippine Economic Zone Authority (PEZA).

‘The tax reform measures being put forth will reverse the progress…attained thus far,’ says the Philippine Ecozones Association by Ralf Rivas, Aug 30, 2018 MANILA, Philippines – The Philippine Ecozones Association (Philea) warned that the Tax Reform for Attracting Better and High-Quality Opportunities (Trabaho) bill would have a negative impact on foreign direct investments in…

by Bilyonaryo, Aug 30, 2018 The country will lose its luster as an investment destination if the tax perks are removed. The government should say goodbye to foreign investments if it is so bent on passing package two of the tax reform program, the Philippine Ecozones Association (PHILEA) said.

By: Roy Stephen C. Canivel, Philippine Daily Inquirer, Aug 30, 2018 Japanese firms say the transition period towards rationalized tax incentives is too short, which will leave them struggling under a business climate seen as “one of the worst in Asia Pacific.”

By: Julius N. Leonen, INQUIRER.net, Aug 22, 2018 Finance officials are not expecting any loss of jobs under the second package of the government’s new tax reform plan. Cash grants, however, would be put into place as part of a contingency plan if “minimal” or “temporary” job losses will be reported.

ABS-CBN News, Aug 17, 2018 Watch here. A statistics expert claimed the poorest Filipinos suffer the most from the brunt of tax reforms. And with government subsidy still not fully distributed, a lawmaker is considering the measure’s suspension. – Business Nightly, ANC, August 16, 2018

By: Ben O. de Vera, Philippine Daily Inquirer, May 26, 2018 The proposed second tax reform package is expected to create not only more but also better jobs as the government would grant incentives to investments generating employment opportunities, the think tank Action for Economic Reforms said.

by KATLENE CACHO, Sunstar THE second package of the government’s tax reform is seen to dampen the future of the country’s information technology and business process management (IT-BPM), an industry official said.

By: Ben O. de Vera , Inquired, May 20, 2018 Former top officials of the Department of Finance are backing the second tax reform package aimed at reducing corporate income tax rates while rationalizing the fiscal perks being enjoyed by investors.