Dominguez wants bicam to finalize TRAIN bill this December
Let the tax reform bill be the government’s Christmas gift for Filipinos.
Finance Secretary Carlos Dominguez III extended his gratitude to the Senate for passing their version of the Tax Reform for Acceleration and Inclusion (TRAIN) bill, which he said will benefit the 99% of residents.
Now, all eyes are on the bicameral committee from both the Senate and the House of Representatives, who will have the last touch on the measure.
”We are hoping that a final congressional version of the TRAIN could be sent to the President’s desk by December, so the tax reform bill could then be signed into law and implemented as scheduled by January next year,” Dominguez said in a statement.
Congress is currently in session until Dec. 15, when lawmakers will take a month-long break in time for the holiday season.
The government wants the new tax scheme to take effect by Jan. 1.