WHAT IS THE

COMPREHENSIVE TAX REFORM PROGRAM?


The Comprehensive Tax Reform Program (CTRP) is needed to accelerate poverty reduction and to sustainably address inequality, in order to attain the President's promise of tunay na pagbabago. By making the tax system simpler, fairer, and more efficient, additional - and a more sustainable stream of - revenues will be generated to make meaningful investments in our people and infrastructure, which will help achieve our vision for the Philippines.
Package 1:
TRAIN
Package 1B:
Tax Amnesty
Package 2:
Corporate Income Tax and Incentives Rationalization
Package 2+:
Sin Taxes
Package 2+:
Mining Taxes
Package 3:
Real Property Valuation
Package 4:
Passive Income and Financial Taxes

Motor Vehicle User's Charge

Package 1: TRAIN

The Tax Reform for Acceleration and Inclusion (TRAIN) under the Comprehensive Tax Reform Program seeks to correct a number of deficiencies in the tax system to make it simpler, fairer, and more efficient. Read more

Package 1B: Tax Amnesty

The Tax Amnesty Act lets errant taxpayers affordably settle their outstanding tax liabilities, allowing for a “fresh start,” while also providing the government with additional revenues for its priority infrastructure and social programs. At the same time, it signals the start of a more aggressive tax enforcement campaign by tax authorities. Read more
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Package 1C: Motor Vehicle User's Charge

The motor vehicle users charge (MVUC) was introduced to provide adequate funding for maintenance of national and provincial roads. It also aims to address air pollution from motor vehicles. Read more
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Package 2: Corporate Income Tax and Incentives Rationalization

Package 2 of the Comprehensive Tax Reform Program (CTRP) seeks to lower the corporate income tax (CIT) rate gradually from 30% to 20%, reorient fiscal incentives toward strategic growth industries, and make incentives available to investors who make net positive contributions to society. Read more

Package 2+: Sin Taxes

Package 2+ of the Comprehensive Tax Reform Program includes proposed reforms on mining and sin taxes. Both proposals complement the enacted TRAIN law to generate additional revenues; make the tax system simpler, fairer, and more efficient; and align with President Duterte’s priority programs on social and environmental protection. Read more
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HB 7994 (Mining) Download File
Date Posted: April 23, 2019
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SB 1979 (Mining) Download File
Date Posted: June 24, 2019
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Package 2+: Mining Taxes

Package 2+ of the Comprehensive Tax Reform Program includes proposed reforms on mining and sin taxes. Both proposals are to complement the enacted TRAIN law to generate additional revenues, make the tax system simpler, fairer, and more efficient, and align with President Duterte’s priority programs on social and environmental protection. Read more
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HB 7994 (Mining) Download File
Date Posted: April 23, 2019
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SB 1979 (Mining) Download File
Date Posted: June 24, 2019
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Package 3: Real Property Valuation

Package 3 of the Comprehensive Tax Reform Program aims to introduce vital reforms to promote the development of a just, equitable, and efficient real property valuation system. Read more
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CTRP Package 3 Basics Download File
Date Posted: April 23, 2019
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CTRP Package 3 proposed reform Download File
Date Posted: April 23, 2019
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Package 4: Passive Income and Financial Taxes

Package 4 of the Comprehensive Tax Reform Program (CTRP) provides a window of opportunity to achieve much-needed tax reform in the financial sector, an ingredient that could fuel and direct the movement of capital to where they are most needed, so that higher, sustainable, and more inclusive growth can be achieved. Read more
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What's New

Get caught up on our latest news and updates! #TaxReformNow
Category: News and Updates

Date Posted: July 9, 2019

The interagency Mining Industry Coordinating Council (MICC) is undertaking the second round of its “objective, … Continue reading MICC to conduct 2nd round of audit of mining firms in July

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Category: Bills

Date Posted: July 9, 2019

The power to decide disputed assessments, refunds of internal revenue taxes, fees or other charges, penalties imposed in relation thereto, or other matters arising under this Code or other laws or portions thereof administered by the Bureau of Internal Revenue is vested in the Commissioner, subject to the exclusive appellate jurisdiction of the Court of Tax Appeals.

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Category: Bills

Date Posted: July 9, 2019

The financial sector plays a significant role in the long-term growth of the national economy. A key policy consideration is to to allow the capital market to develop as efficiently as possible. with the least intervention.

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Category: Bills

Date Posted: July 9, 2019

An act instituting reforms in real property valuation and assessment in the Philippines, reorganizing the bureau of local government finance and appropriating funds therefor.

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Category: News and Updates

Date Posted: July 7, 2019

Initiatives to sharpen the competitiveness of the country’s future workforce, improve the delivery of social … Continue reading Steps to develop human capital, attract FDIs top proposals in 2019’s 1st Sulong Pilipinas

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Category: Infographics

Date Posted: July 4, 2019

We are now in the ENDGAME of combatting the harmful effects of smoking by passing the bill increasing the excise tax of cigarettes to at least PHP 60.00 per pack before the end of the 17th Congress.

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The Department of Finance (DOF) is the government’s steward of sound fiscal policy. It formulates revenue policies that will ensure funding of critical government programs that promote welfare among our people and accelerate economic growth and stability. Read More..

Department of Finance | TaxReform

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