Tax Reform for Acceleration and Inclusion (Republic Act No. 10963)

This Tax Alert is issued to inform all concerned on ​​t​​he ​significant provisions of the Tax Reform for Acceleration and Inclusion (TRAIN) Act ​or ​Republic Act (RA) No. 10963 as approved and vetoed for certain items by President Rodrigo Duterte. 

The summary is based on our interpretation of the provisions of the law. Should there be different interpretations in the implementing regulations that will be issued by the Bureau of Internal Revenue, such interpretations shall prevail. We shall issue another Tax Alert as soon as the implementing regulations are released. ​

Below are the significant changes in relation to the current rules.


Please find ​below the copy of RA No. 10963 and the President’s VETO Message as posted in the Department of Finance website and the printable copy of the Alert.​


For questions and clarifications, please email Lina Figueroa at  or Des Politado-Aclan at or call​ ​988-2288.​