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Malacañang to conduct information campaign on TRAIN Law

by UNTV News and Rescue   |   Posted on Friday, January 5th, 2018

President Duterte’s ratings, expected

FILE PHOTO: President Rodrigo Duterte

MANILA, Philippines —  President Rodrigo Duterte wants the public to understand everything about the provisions and the purpose of the Tax Reform for Acceleration and Inclusion or TRAIN Law.

This, following a series of increases in prices of goods and services in the country.

In line with this, the government will conduct an intensified information dissemination about TRAIN.

“I also know that PCOO is working double time to embark on a dissemination campaign on the salient features of TRAIN. Likewise, the DTI (Department of Trade and Industry) will not hesitate to prosecute individuals who will take advantage of price hikes invoking TRAIN as a legal basis,” said Presidential Spokesperson Harry Roque.

Roque also assured that government agencies like the DTI will not allow businessmen to exploit the system for their own gains.

“Ang excise tax naman po pinapataw hindi dun sa old inventory kundi sa mga bagong inventory. So walang dahilan para tumaas ang presyo on day 1 of the effectivity of the law (The excise tax is imposed not on the old inventory but on the new inventory. Therefore, there is no reason to increase prices on day one of the effectivity of the law),” Roque said.

Meanwhile, the government will improve the cash transfer fund in order to ease the burden of poor families.

“We already have a list of beneficiaries on the conditional cash transfer. It would be the same population that will benefit from this cash mitigation which is a provision of the Tax Reform Act or TRAIN,” the spokesperson added. —  Grace Casin | UNTV News & Rescue

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Duterte supporters submit petition to create a revolutionary gov’t

by UNTV News and Rescue   |   Posted on Friday, May 18th, 2018

DILG Undersecretary Martin Diño

 

DAVAO CITY, Philippines – Various groups of supporters of President Rodrigo Duterte submitted to the Department of the Interior and Local Government (DILG) a signed petition seeking for the creation of a revolutionary government.

Over 33 million signatures from 42,000 barangays across the Philippines were attached to the petition. It calls on the government to expedite the approval of proposed amendments to the Constitution.

“Kung baguhin ang takbo Pilipinas siguro isa itong tulong na para maisolba ang lahat ng problema ng ating bayan,” said Princess Maricar Matalam, officer of the group Pagbabago at Karapatan ng Womens Power Mindanao.

(Changing the way how the Philippines is run may help resolve all the problems that it is currently facing.)

DILG Undersecretary Martin Diño said the signature campaign showed strong support for Congress as it pushes for a proposed shift to federalism.

“Puwede na nating maipadala ito sa Congress para iyong ating mga congressman at senador makita nila na talagang gusto ng mga tao lalong lalo na sa buong Pilipinas na federalism na pagbabago ng sistema ng ating gobyerno, napaka importante nito,” Diño concluded.

(We may now send this to Congress so that the congressmen and senators will see the people’s desire to shift to a federal form of government.)  – UNTV News & Rescue

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DOF eyes tax hike on tobacco and liquor

by UNTV News   |   Posted on Tuesday, May 15th, 2018

MANILA, Philippines – The Department of Finance (DOF) is pushing for a tax hike on tobacco and liquor products.

According to Finance Secretary Carlos Dominguez, the proposal is to increase government revenue and to protect the health of the public.

Since the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) law, the price of each packet of cigarette increased up to P32.50.

Aside from tobacco and liquor products, DOF also wants increase taxes on mining, coal and casino services. – UNTV News &Rescue

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Zarate files bill seeking to repeal TRAIN law

by UNTV News and Rescue   |   Posted on Thursday, May 10th, 2018

 

 

IMAGE_UNTV_NEWS_061317_Carlos Zarate

Bayan Muna party-list Representative Carlos Zarate

QUEZON CITY, Philippines – Opposition congressman Carlos Zarate of the Makabayan bloc in Congress is determined to repeal the Tax Reform for Acceleration and Inclusion (TRAIN) law.

On Thursday, May 10, Zarate filed House Bill Number 7653 which seeks the return of the country’s taxation system to the original National Internal Revenue Code.

The Makabayan congressman argued that the country’s inflation rate has already soared to 4.5% in just the first quarter of the year since the implementation of TRAIN law. Zarate added that if TRAIN continued, the prices of basic commodities would increase and would further burden the people especially the poor.

He said that instead of increasing the taxes, the government should strengthen its revenue collection arm.

“Dapat maging efficient muna ang collection ng collecting agencies natin – BOC and BIR – sa halip na patawan ng bagong buwis ang ating mga mamamayan,”  Zarate said.

(Collection agencies – BOC and BIR – should first improve their efficiency in collecting instead of imposing additional taxes on people.) — Grace Casin | UNTV News & Rescue

 

 

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