in

Duterte signs tax reform and 12 other national bills into law in 2017

President Rodrigo Duterte has approved 13 bills into law for national implementation in 2017.
[ads2]

He signed into law Republic Act No. 10963 (Tax Reform for Acceleration and Inclusion or TRAIN bill) on December 19, which aims to generate the revenues the government needs to support its “Build, Build, Build” infrastructure program. It will reduce personal income tax to make up for the impact of higher taxes on automobile, sweetened beverage, fuel, coal, and tobacco. The law took effect on January 1. It is also one of the administration’s priority measures.

Here are the other three priority laws of the administration that were signed in 2017:

  1. RA No. 10928 or the extension of the validity of the Philippine passport from 10 to 15 years
  2. RA No. 10929 or the free internet access provided in public areas
  3. RA No. 10930 or the extension of the validity of driver’s license from three to five years

The other laws that Duterte signed last year include the following:

    [ads1]

  1. RA No. 10965 or the General Appropriations Act allotting P3.7 trillion for the 2018 national budget
  2. RA No. 10927 or the law amending the Anti-Money Laundering Act of 2001 by including casinos in its coverage
  3. RA No. 10931 or the act granting free tuition and other fees for students in state colleges and universities and stipend or subsidies for poor students as well as creating a student loan program
  4. RA No. 10932 or the act providing the emergency health care service by prohibiting medical practitioners from asking for advance payments from patients that require immediate care
  5. RA No. 10951 or the act amending Revised Penal Code to penalize people spreading fake news by imprisonment of up to six months or pay the fine of up to P200,000
  6. RA No. 10952 or the postponement of the barangay and Sangguniang Kabataan elections from October 23 to the second Monday of May 2018
  7. RA No. 10925 or the extension of GMA Network’s franchise
  8. RA No. 10926 or the extension of Smart Communications, Inc.’s franchise
  9. RA No. 10966 or the declaration of December 8 as a national special non-working holiday to celebrate the Catholic Feast of the Immaculate Concepcion

 

Sources: ( cnnphilippines.comphilstar.com )
[ads3]

Leave a Reply

Your email address will not be published. Required fields are marked *

Busted: CHR will help suspect in killing of OFW’s wife, daughter? It’s a misleading headline!

Gatchalian slammed for calling netizens ‘gago,’ ‘ulol’ over ‘balimbing’ criticisms