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:
CREATE
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
TitleDownload
Amends RR No. 13-2018, particularly on the use of invoices/receipts of previously registered VAT taxpayers who are now non-VAT taxpayers (Published in Manila Bulletin on August 13, 2018) Download File
Date Posted: July 26, 2019
 Download
Automobile Excise Technical as of 14 Aug 2017 Download File
Date Posted: August 18, 2017
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Automobile excise technical presentation as of 14 Aug 2017 Download File
Date Posted: June 24, 2019
 Download
Automobile excise technical presentation as of 14 Aug 2017 Download File
Date Posted: June 24, 2019
 Download

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
TitleDownload
Act: Direct Veto of the President to RA 11213 (Tax Amnesty Act) Download File
Date Posted: July 26, 2019
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Regulations: Implements the provisions of Estate Tax Amnesty pursuant to the provisions of Republic Act 11213 (Tax Amnesty Act) (Published in Malaya Business Insight on May 31, 2019) Download File
Date Posted: July 25, 2019
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Regulations: Implements the rules and regulations of the Tax Amnesty Act, providing for the guidelines on the processing of Tax Amnesty Application on Tax Delinquencies (Published in Malaya Business Insight on April 9, 2019) Download File
Date Posted: July 25, 2019
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Republic Act No. 11213 (Tax Amnesty Act) Download File
Date Posted: July 26, 2019
 Download

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
TitleDownload

Package 2: CREATE

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
TitleDownload
Republic Act No. 11534 (with veto message) Download File
Date Posted: October 14, 2021
 Download
CREATE Act IRR Download File
Date Posted: May 21, 2021
 Download
RA 11534 (CREATE Law) briefing for FINEX Download File
Date Posted: April 8, 2021
 Download
BBB SOS for CREATE (DPWH, DOTr, DBM, NEDA ,BCDA) consolidated as of 2 June 2020 Download File
Date Posted: August 25, 2020
 Download

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
TitleDownload
CTRP Package 2+: Sin Taxes for Universal Health Care 1-page briefer Download File
Date Posted: August 1, 2019
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Maximizing Sin Tax Revenues for Health Download File
Date Posted: May 10, 2019
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Maximizing Sin Tax Revenues for Health Download File
Date Posted: June 24, 2019
 Download
Presentation on Package 2+ top 10 rationales delivered by Usec. Karl Kendrick Chua: Senate Committee on Ways and Means (September 5, 2019) Download File
Date Posted: September 5, 2019
 Download

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
TitleDownload
House Bill No. 8618 (Package 2+: Mining taxes) Download File
Date Posted: July 26, 2019
 Download
SB 1979 (Mining) Download File
Date Posted: June 24, 2019
 Download

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
TitleDownload
CTRP Package 3 proposed reform Download File
Date Posted: April 23, 2019
 Download
CTRP Package 3: Real property valuation reform 1-page briefer Download File
Date Posted: August 1, 2019
 Download
House Bill No. 4664: Real property valuation (18th Congress) Download File
Date Posted: February 10, 2020
 Download
Presentation: CTRP Package 3 Basics Download File
Date Posted: April 23, 2019
 Download

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
TitleDownload
CTRP Package 4: Passive Income and Financial Intermediary Tax Reform 1-page briefer Download File
Date Posted: August 1, 2019
 Download
House Bill No. 8645 (Package 4: Passive income and financial taxes) Download File
Date Posted: July 26, 2019
 Download
Presentation on Package 4 top 10 rationales: Senate committee hearing delivered by Usec. Karl Kendrick Chua (February 5, 2020) Download File
Date Posted: February 5, 2020
 Download

What's New

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FIRB approves tax perks for Project Agila, supports Hanjin shipyard rehabilitation
Category: News and Updates

The Fiscal Incentives Review Board (FIRB), upon the endorsement of the Subic Bay Metropolitan Authority … Continue reading FIRB approves tax perks for Project Agila, supports Hanjin shipyard rehabilitation →

Date Posted: May 9, 2022
Dominguez says DOF successes on Duterte watch result of predecessors’ good work, policy continuity
Category: News and Updates

Secretary Carlos Dominguez III has paid tribute to his predecessors as finance chiefs along with … Continue reading Dominguez says DOF successes on Duterte watch result of predecessors’ good work, policy continuity →

Date Posted: April 30, 2022
Dominguez thanks DOF family for commitment in working on reforms to prep PHL for new economy
Category: News and Updates

Secretary Carlos Dominguez III thanked Friday his fellow workers in the Department of Finance (DOF) … Continue reading Dominguez thanks DOF family for commitment in working on reforms to prep PHL for new economy →

Date Posted: April 29, 2022
FIRB says WFH setup for incentivized IT-BPM enterprises was temporary measure at height of pandemic
Category: News and Updates

Finance Assistant Secretary Juvy Danofrata has reiterated that the Fiscal Incentives Review Board (FIRB) had … Continue reading FIRB says WFH setup for incentivized IT-BPM enterprises was temporary measure at height of pandemic →

Date Posted: April 27, 2022
FIRB to look into regulating fees collected by IPAs
Category: News and Updates

As instructed by Finance Secretary and Fiscal Incentives Review Board (FIRB) Chairperson Carlos. Dominguez III, … Continue reading FIRB to look into regulating fees collected by IPAs →

Date Posted: April 21, 2022
Duterte admin personal-income tax effort average of 2.4 pct highest since 1986
Category: News and Updates

Personal income tax (PIT) collections as a share of the Gross Domestic Product (GDP) is … Continue reading Duterte admin personal-income tax effort average of 2.4 pct highest since 1986 →

Date Posted: March 11, 2022
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