RA. 10963, also known as the Tax Reform for Acceleration and Inclusion (TRAIN) seeks to propose major changes in the Philippine tax system. It was signed into law by President Rodrigo Duterte on December 19, 2017.
When your local business is already in operational status, this means that you have to pay your taxes and other dues to the government. In this article, we will discuss two types of taxes in the Philippines: National and Local taxes.