QUEZON CITY, Philippines (Eagle News) — Senator Risa Hontiveros filed a bill that will alleviate the negative effects of the Tax Reform for Acceleration and Inclusion (TRAIN) law on the prices of goods. Hontiveros said that the proposed Senate Bill 1671 or “Bawas VAT” bill will lower the value-added tax to 10% on January 1, 2019 and will eventually reach 8% by January 1, 2022. “After the recent passage of the Tax Reform for Acceleration […]