Philippine TRAIN Law (Tax Reform for Acceleration and Inclusion Act)) Dr. Joy Kenneth S. Biasong, BSA, BSC-BA, CPE, DSpEd., MPA, MBA, MEd.,D.M., Ed.D., Ph.D.

1. by:
DR. JOY KENNETH SALA BIASONG
Philippine train law
Philippine TRAIN Law
(R.A. No. 10963)
Tax Reform for Acceleration and Inclusion
P

2. Tax Reform for Acceleration and
Inclusion Law
Topics:
Personal Income Tax Rates
New Tax Rates for Professionals
Withholding Tax for Self-Employed Professionals
New Withholding Tax Table for Compensation Earners
Donor’s Tax
Estate Tax

3.  Documentary Stamp Tax
 Stock Transaction Tax
 Foreign Currency Interest Income Tax
 Tax on 13th Month Pay and Other Bonuses
 Tax Exemption of Milk, 3 in 1 Coffee, Medicines
for diabetes, high cholesterol and hypertension,
etc.

4.  Tax on Sugar Drinks
 Tax on LPG, Diesel, Gasoline and other
fuel products
 Excise Tax on Cars and Automobiles
 Tax on Tobacco Products
 Tax on Alcoholic Drinks
 Tax on Coals
 Tax on Cosmetic Surgery and other
Aesthetic Procedures
 VAT Exempt

5.  Additional Take-Home Pay under the
Philippine New Tax Reform