Details
Outline
I. Tax Reform for Acceleration and Inclusion Act (TRAIN)
A. House of Representative version
B. Senate of the Philippines version
C. Signing of the Bill into Law
II. Income Tax Rates for Taxable Income of Individuals
A. Who are covered
B. Applicable Rates and Tax Base
C. Personal and Additional Exemptions
III. Effect of TRAIN on the Bank Secrecy Law
IV. Personal Income Tax (PIT) for:
A. Compensation Income Earners (CIEs)
B. Self-Employed and Professionals (SEPs)
V. Illustration on PIT under TRAIN
VI. Value Added Tax
VII. Expansion of Tax Base of VAT
VIII. Reduction of the Estate and Donor’s Tax
IX. Excise Tax on:
A. Petroleum
B. Automobiles
C. Sugar Sweetened Beverages (SSBs)
X. Social Benefit under TRAIN
XI. Use of Revenues Earned from TRAIN
Speaker/s
JOSE B. TAYAWA, CPA
Chairman & Managing Partner
Tayawa CPA’s & Co.
NEIL U. SISON
CPA, CIA, CISA, CDM, CREB, CREA, RFA, MFA
Managing Partner of Sison Corillo Parone & Co.
MICHELLE A. GUELAS
CPA, Partner, Audit & Assurance
Sison Corillo Parone & Co.
MYRA L. OLIVA, CPA
Assistant Manager for Tax of SISON CORILLO PARONE & CO.