by:

DR. JOY KENNETH SALA BIASONG

Philippine train law

Philippine TRAIN Law(R.A. No. 10963)

Tax Reform for Acceleration and Inclusion

P

Tax Reform for Acceleration and

Inclusion LawTopics:

Personal Income Tax Rates

New Tax Rates for Professionals

Withholding Tax for Self-Employed Professionals

New Withholding Tax Table for Compensation Earners

Donor’s Tax

Estate Tax

Documentary Stamp Tax

Stock Transaction Tax

Foreign Currency Interest Income Tax

Tax on 13th Month Pay and Other Bonuses

Tax Exemption of Milk, 3 in 1 Coffee, Medicines

for diabetes, high cholesterol and hypertension,

etc.

Tax on Sugar Drinks

Tax on LPG, Diesel, Gasoline and other

fuel products

Excise Tax on Cars and Automobiles

Tax on Tobacco Products

Tax on Alcoholic Drinks

Tax on Coals

Tax on Cosmetic Surgery and other

Aesthetic Procedures

VAT Exempt

Additional Take-Home Pay under the

Philippine New Tax Reform