The Philippine Chamber of Commerce and Industry (PCCI) expressed hope that the government’s infrastructure projects would be implemented immediately after President Duterte signed the Tax Reform for Acceleration and Inclusion (Train) Act on December 19.
This law exempts those earning P250,000 annually or less from paying income taxes. It, however, raised taxes on fuel, vehicles and sugar-sweetened beverages, as well as excise taxes on mining and tobacco.
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