Author Topic: ALL ABOUT TRAIN LAW  (Read 62 times)

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IntraLover

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ALL ABOUT TRAIN LAW
« on: February 06, 2018, 06:49:55 PM »
Hi guys, magtanong lang sana ako sa mga expert po dito... about TRAIN LAW. Kaano ba kabigat eto sa ordinaryong pilipino at paano ang management at implementation neto? Talaga bang mas makakasave ba ang mga pinoy?

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ALL ABOUT TRAIN LAW
« on: February 06, 2018, 06:49:55 PM »

Mountain View

CodeRepublic

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Re: ALL ABOUT TRAIN LAW
« Reply #1 on: February 06, 2018, 06:51:24 PM »
Alam ko mas taas ang matatakehome pay ng mga manggagawa..... kaya pabor din naman ako dyan

PinoyLife

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Re: ALL ABOUT TRAIN LAW
« Reply #2 on: February 06, 2018, 06:53:08 PM »
If you are earning 250,000 and below . tax exempt ka na agad pero pag hindi. tax table ka..


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Ken312

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Re: ALL ABOUT TRAIN LAW
« Reply #3 on: February 06, 2018, 06:54:02 PM »
Alam ko mas taas ang matatakehome pay ng mga manggagawa..... kaya pabor din naman ako dyan

Depende pa din. hindi lahat.. yung mga ROHQ companies. hindi sila exempt na.


WorldPerksPH

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Re: ALL ABOUT TRAIN LAW
« Reply #4 on: February 06, 2018, 07:01:54 PM »
Train law imposes a P6/liter tax on beverages using caloric and noncaloric sweeteners and P12/liter on beverages using high fructose corn syrup (HFCS). Prices of basic foods are going up due to excise tax on gasoline


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IntraLover

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Re: ALL ABOUT TRAIN LAW
« Reply #5 on: February 06, 2018, 07:05:20 PM »
Maybank: Inflation to hit 3.9-4% by mid-2018 due to TRAIN Law


GreenMoney

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Re: ALL ABOUT TRAIN LAW
« Reply #6 on: February 06, 2018, 07:10:26 PM »
The Department of Finance is pushing for amendments to the Tax Incentives Management and Transparency Act (Timta) to mandate the reporting of all fiscal incentives under the proposed second tax reform package.
According to a DOF presentation, the second tax package covering corporate taxation is being eyed to be complemented by Timta amendments, one proposal under which is the inclusion of all tax incentives, whether investment or non-investment perks, when reporting or tracking them.
At present, reporting of foregone revenues from incentives covering value-added tax and local business taxes are not covered by the Timta Law.
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A comprehensive review of the country’s tax incentives regime had been mandated under the Timta Law to give an overview of the benefits and the costs of giving away fiscal perks to investors.
Also, the DOF wanted to “include in the reporting all types of taxpayers, especially cooperatives.”
The DOF also wanted to “mandate the inclusion of all taxes in the computation of tax expenditure, including VAT and local taxes.”
The proposed amendments to the Timta Law will also allow submission of more “benefits” data, including those on investments (both actual and approved), employment, export sales, as well as research and development at the company level.
The DOF is also pushing that the Fiscal Incentives Review Board (FIRB) be empowered to conduct cost-benefit analysis in the future.
At present, the FIRB functions only to grant tax subsidies to state-run corporations and government offices.
Last month, Finance Undersecretary Karl Kendrick T. Chua said that 2015 data generated through the Timta Law showed that the government was losing more than P300 billion in revenue yearly from the wide array of tax and other perks being enjoyed by big corporations.
“Income tax holidays and special rates account for P86.25 billion of the revenue losses, while custom duty exemptions account for P18.4 billion. Exemptions from paying the value-added tax on imports led to P159.82 billion in foregone revenue, and local VAT, P36.96 billion,” Chua had said.


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Ken312

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Re: ALL ABOUT TRAIN LAW
« Reply #7 on: February 06, 2018, 07:10:58 PM »

Ken312

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Re: ALL ABOUT TRAIN LAW
« Reply #8 on: February 06, 2018, 07:11:36 PM »

NeoGemini

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Re: ALL ABOUT TRAIN LAW
« Reply #9 on: February 06, 2018, 07:13:34 PM »
While others are enjoing the TRAIN law, others will lose their job.


NeoGemini

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Re: ALL ABOUT TRAIN LAW
« Reply #10 on: February 06, 2018, 07:30:44 PM »
kawawa naman mga taga san miguel

Coca-Cola Femsa Philippines Inc., the company behind the popular carbonated drink, said that it had decided to cut down on workers amid changes in the beverage industry and the business environment, calling it a “very difficult decision.”

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Re: ALL ABOUT TRAIN LAW
« Reply #10 on: February 06, 2018, 07:30:44 PM »

 

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