Lower net revenue seen from Senate’s Train bill

Revenues from the Senate version of the Tax Reform for Acceleration and Inclusion (Train) bill will substantially be lower compared to the measure already approved by the House of Representatives, the Finance department said.

The tax reform bill, now up for plenary debates, is estimated to generate a net P59.9 billion, from total revenues of P192.9 billion and losses of P133 billion, during the first year of implementation.