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As the year 2018 draws to a close today, the government looks back at the first year of the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) Law. Part of the TRAIN Law cut workers’ tax rates and increased the level of tax-free annual income to PHP250,000, giving …

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The Department of Energy (DOE) is prepared to implement the second increase in oil excise taxes next year, which is called for under the Tax Reform for Acceleration and Inclusion (TRAIN) law. “The DOE, in coordination with the Bureau of Customs and Bureau of Internal Revenue, is ready to implement …

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It looks like we only have until this month to enjoy the happy days of the oil price rollback—now on its eight week this week–as President Rodrigo Duterte has reportedly approved the implementation of the PHP2-per-liter fuel excise tax hike scheduled to take effect by January 2019. According to Presidential …

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