WHAT IS THE

COMPREHENSIVE TAX REFORM?


The Comprehensive Tax Program (CTRP) is needed to accelerate poverty reduction and sustainably address inequality 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 need to be generated to make meaningful investments on our people and infrastructure to achieve our vision for the Philippines.
Package 1:
Train
Package 1B:
Tax Amnesty
Package 2:
TRABAHO
Package 2+:
Sin Taxes
Package 3:
Real Property Valuation
Package 4:
Passive income and financial taxes

Package 1: Train

Republic Act No. 10963 or Tax Reform for Acceleration and Inclusion (TRAIN) addresses several weaknesses of the current tax system by lowering and simplifying personal income taxes, simplifying estate and donor’s taxes, expanding the value-added tax (VAT) base, adjusting oil and automobile excise taxes, and introducing excise tax on sugar-sweetened beverages. As a complimentary measure TRAIN, Congress introduced Package 1B or the Tax Amnesty Bill. Package 1B includes the lifting of bank secrecy laws and automatic exchange of information and three types of amnesties (on estate tax, all unpaid internal revenue taxes with the corresponding waiver of bank secrecy laws in the availment thereof, and delinquencies). There are also proposals on other amnesty taxes such as importation taxes and customs duties. Read More →

Package 1B: Tax Amnesty

Package 1B of the Comprehensive Tax Reform Program or the Tax Amnesty Act complements the Tax Reform for Acceleration and Inclusion Act or TRAIN. It allows errant taxpayers to 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 USERS CHARGE

Package 1C of the Comprehensive Tax Reform Program or the Tax Amnesty Act complements the Tax Reform for Acceleration and Inclusion Act or TRAIN. It allows errant taxpayers to 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 2: TRABAHO

TRABAHO seeks to make the corporate tax system simpler, fairer, and more transparent. It will lower the corporate income tax (CIT) rate from 30% to 25% for a large majority of businesses and modernize fiscal incentives, so that these are given to investors who make positive contributions to society. This will correct some of the most glaring inequities and inefficiencies in our corporate tax system. Read More →

Package 2+: Sin Taxes

TRAIN Package 2+ of the CTRP proposes to further increase the excise tax on both alcohol and tobacco products for implementation in 2020. Package 2+ will provide additional fund the Universal Health Care (UHC). The objective of the UHC is for all Filipinos to have equitable access to quality and affordable healthcare and to be protected against financial risk. The country should also have a systematic approach and clear delineation of roles of key agencies and stakeholders towards better performance in the healthy system. Read More →
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HB 7994 (Mining) Download File
Date Posted: April 23, 2019
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Package 2+: Mining

TRAIN Package 2+ of the CTRP proposes to further increase the excise tax on both alcohol and tobacco products for implementation in 2020. Package 2+ will provide additional fund the Universal Health Care (UHC). The objective of the UHC is for all Filipinos to have equitable access to quality and affordable healthcare and to be protected against financial risk. The country should also have a systematic approach and clear delineation of roles of key agencies and stakeholders towards better performance in the healthy system. Read More →
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HB 7994 (Mining) Download File
Date Posted: April 23, 2019
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Package 3: Real Property Valuation

Package 3 of the CTRP aims to introduce vital reforms to promote the development of a just, equitable, and efficient real property valuation system. The reforms will broaden the tax base used for property and property-related taxes of the national and local governments, thereby increasing government revenues without increasing the existing tax rates or devising new tax impositions.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 CTRP is about reforms on capital income and financial services taxation, which aims to make the taxation of the sector simpler, fairer, and more efficient. Specifically, it reviews the taxes imposed on financial intermediaries and the products they offer: on savings and investments; and debt and equity instruments. Read More →
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