FILIPINOS got what would turn out to be the first in a series of oil-related jolts in 2018 when the first package of the Duterte administration’s Comprehensive Tax Reform Program (CTRP) took effect at the beginning of the year.

This package — Republic Act 10963, or the “Tax Reform for Acceleration and Inclusion” (Train) Act — saw personal income taxes lowered and excise taxes on automobiles, coal, fuel and sugar-sweetened beverages raised.

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