Tag: TRAIN bill

President Duterte signs into law P3.77 trillion nat’l budget for 2018, and tax reform bill

  (Eagle News) — President Rodrigo Duterte signed into law on Tuesday the P3.77-trillion national budget for 2018 and the tax reform bill which is set to take effect on January 1 next year. The P3.77 trillion national budget which was ratified by Congress on December 12, is up 12 percent from the 2017 national budget. The Tax Reform for Acceleration and Inclusion (TRAIN) law, on the other hand, exempted from taxes the first P250,000 […]