5 Questions
What is the main goal of the Tax Reform for Acceleration and Inclusion (TRAIN)?
To correct deficiencies in the tax system and make it simpler, fairer, and more efficient
What does the Tax Reform for Acceleration and Inclusion (TRAIN) seek to address?
Weaknesses of the current tax system by lowering and simplifying personal income taxes
What is the comprehensive tax reform program (CTRP) envisioned by President Duterte’s administration?
The Tax Reform for Acceleration and Inclusion (TRAIN)
What are the key components addressed by the Tax Reform for Acceleration and Inclusion (TRAIN)?
Lowering and simplifying personal income taxes, expanding the value-added tax (VAT) base, adjusting oil and automobile excise taxes
How does the Tax Reform for Acceleration and Inclusion (TRAIN) contribute to funding infrastructure and social services?
Through contributions from every Filipino in funding more infrastructure and social services
Test your knowledge on the Tax Reform for Acceleration and Inclusion (TRAIN Law) with this comprehensive quiz. Explore its history, amendments, and the pros and cons of the law. Perfect for students and anyone seeking to understand the impact of the TRAIN Law.
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