CongressWatch Report

14 February 2018 – Last 19 December 2017, the TRAIN (Tax Reform for Acceleration and Inclusion) bill was signed into law (Republic Act 10963), and has started to take effect 1 January 2018. Also last month, the Department of Finance already submitted the second package of TRAIN to Congress. The two measures are expected to generate P130 billion additional revenues that will fund the government’s infrastructure (“build, build, build”) and social development programs.