Get To Know The Comprehensive Tax Reform Program (CTRP)

By | September 12, 2018

Get To Know The Comprehensive Tax Reform Program (CTRP) of the Duterte administration.

 

The Tax Reform is one of the top priorities under the 10-Point Socioeconomic agenda
of the Duterte administration. It aims to institute a more progressive tax system,
and improve administration.

comprehensive tax reform program

Comprehensive Tax Reform Program | Image Credit | DOF

 

CTRP Packages

 

Package 1 : TRAIN
Tax Reform for Acceleration and Inclusion
Republic Act No.10963 or TRAIN was signed into law last December 2017. This makes
the Philippine tax system simpler,fairer, and more efficient.

 

Package 2 : TRABAHO
Tax Reform for Attracting Better and Higher-Quality Opportunities
House Bill 8083 or trabaho bill passed the house on second reading last September
4,2018. It now passed the third reading last September 10 with 187 votes.

TRABAHO aims to lower the Philippines corporate income tax rate and create a fair
and accountable incentive system to make the Philippines more competitive.

The House of Representatives or lower house will now transmit the TRABAHO Bill to
the Senate.

 

Package 1 B

Proposed amnesty program and adjustments in the motor vehicle user charge (MVUC).

Submitted with TRAIN but was not approve together with TRAIN.

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