TRAIN Law

The “Tax Reform for Acceleration and Inclusion (TRAIN Law)”, which took effect on 01 January 2018, amended several provisions of the Tax Code 0f 1997. As of 05 April 2018, the Bureau of Internal Revenue (BIR) has prepared and implemented twelve (12) Revenue Regulations to implement the law.

Read more at: https://www.philstar.com/business/2018/03/21/1798720/bir-issues-irr-train-law