THE Senate and the House of Representatives have agreed on several provisions of the proposed Tax Reform for Acceleration and Inclusion (TRAIN) law, including the proposal to grant tax exemption to those who earn not more than P250,000 a year.

Sen. Juan Edgardo “Sonny” Angara, chairman of the Senate Ways and Means Committee, said contingents from the two chambers have started discussions to unify the proposed tax reform package and come up with a final version by December 5.

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