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HR Corner: Tax Reform for Acceleration and Inclusion (TRAIN) Orientation

The Philippine tax reform bill, known as TRAIN or Tax Reform for Acceleration and Inclusion program, has been signed into law on December 19, 2017 and implementation has begun last January 1, 2018. HR shall be conducting a brief orientation  to address inquiries regarding the matter. Check out this post for more details.

 

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For your reference, please look at the table below to give you an idea how the new law will affect payroll:

 

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*Please also note that the Teaching Bonus awarded last March 2017 to address Incentives regarded as taxable other earnings will be taken out as this support is no longer necessary due to the implementation of the tax reform.

Categories: All Posts, HR Corner

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