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Questions and Answers
What is the official designation of the TRAIN Law?
What is the official designation of the TRAIN Law?
- Tax Reform for Acceleration and Inclusion
- Republic Act No. 10963 (correct)
- Republic Act No. 10962
- Comprehensive Tax Reform Program (CTRP)
What is the main goal of the TRAIN Law?
What is the main goal of the TRAIN Law?
- To eradicate extreme poverty by 2040 (correct)
- To achieve a higher income status
- To create inclusive institutions that will offer equal opportunities to all
- To reduce the poverty rate from 26% to 17% by 2020
What is the purpose of the TRAIN Law in the tax system?
What is the purpose of the TRAIN Law in the tax system?
- To correct deficiencies in the tax system to make it simpler, fairer, and more efficient (correct)
- To increase the number of tax-paying citizens
- To increase the tax rate for all citizens
- To reduce the national income
By what year does the Duterte Administration aim to reduce the poverty rate from 26% to 17%?
By what year does the Duterte Administration aim to reduce the poverty rate from 26% to 17%?
What is the expected outcome of the TRAIN Law on the economy and income groups?
What is the expected outcome of the TRAIN Law on the economy and income groups?
What is the significance of January 1, 2018, in relation to the TRAIN Law?
What is the significance of January 1, 2018, in relation to the TRAIN Law?
What is the relationship between the TRAIN Law and the Comprehensive Tax Reform Program (CTRP)?
What is the relationship between the TRAIN Law and the Comprehensive Tax Reform Program (CTRP)?
What is the expected outcome of the TRAIN Law on the 10 million Filipinos?
What is the expected outcome of the TRAIN Law on the 10 million Filipinos?
Who signed the TRAIN Law into effect?
Who signed the TRAIN Law into effect?
What is the main focus of the Duterte Administration's vision for 2020 and 2040?
What is the main focus of the Duterte Administration's vision for 2020 and 2040?
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