March 2, 2018

TRAIN Law 2018

President Duterte signed Republic Act No. 10963, otherwise known as, the Tax Reform Acceleration and Inclusion Act (“TRAIN”) last 19 December 2017, amending portions of the National Internal Revenue Code of 1997.

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June 21, 2017

Reviewing the Declaration of Martial Law

In response to the attack of the Maute Group militants in Marawi City last 23 May 2017, President Rodrigo Duterte, through Proclamation No. 216, declared Martial Law following the clash, citing rebellion as a justification.

Thereafter, both the Senate and House of Representatives issued legislative resolutions in support of the declaration and indicating that there is no need for them to review Martial Law. These statements generated protest from several sectors of society, echoing the fear from the Martial Law during the Marcos Era.

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June 1, 2017

The Anti-Distracted Driving Act

The enactment of the Anti-Distracted Driving Act (“ADDA”) is a response to the ever-changing demands brought about by technological devices. Enacted last 27 June 2015, Republic Act No. 10913, otherwise known as, “An Act Defining and Penalizing Distracted Driving,” is intended to safeguard the public from the inimical consequences of unrestrained use of electronic mobile devices on road safety.

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Recent News

Recent events about Librojo & Associates Law Offices

TRAIN Law 2018

President Duterte signed Republic Act No. 10963, otherwise known as, the Tax Reform Acceleration and Inclusion Act (“TRAIN”) last 19 December 2017, amending portions of the National Internal Revenue Code of 1997.

Briefly, the TRAIN Law amended income tax coverage, estate tax, donor’s tax, excise tax on petroleum, automobiles, coal, mining and tobacco, value-added tax, passive income and other taxes. The law also imposed new taxes on sweetened beverages and cosmetic procedures solely towards altering or enhancing appearance.

The TRAIN law is the first among several tax reform measures of the administration. Under this law, the burden of personal income tax rates will be shifted from lower-income segments, toward those of higher income segments. Essentially, individuals with personal income worth P 250,000.00 and below will have 0% tax, while with a personal income of P8 million and above will be taxed 35%. However, the projected revenues from the lower income tax will be offset by higher excise levies on petroleum, automobiles, and sweetened beverages, among others.

According to the Department of Finance, “the goal of the first package of the Comprehensive Tax Reform Program (CTRP) or TRAIN is to create a simpler, fair, and more efficient system, as per the constitution, where the rich will have a bigger contribution and the poor will benefit more from the government’s programs and services.”

For more information on the implementation of the TRAIN Law, you may visit the Department of Finance website at: http://www.dof.gov.ph/taxreform/.




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