News Release

From the Office of the Presidential Spokesperson – On the government’s tax reform

We are pleased with the expression of support of the American Chamber of Commerce of the Philippines on the Comprehensive Tax Reform Program.

AmCham has added a strong voice for the passage of the Tax Reform for Acceleration and Inclusion Act (TRAIN), which is now set for plenary deliberations in the Senate.

The poor and the vulnerable, as the President’s economic team explains, are at the heart of our tax reform. The new tax measures are expected to raise PhP133.8 billion in 2018 to fund the Administration’s infrastructure and anti-poverty programs. With better infrastructure and social services, we would improve productivity and living standards of our people.