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Assessment of the 2017 Tax Reform for Acceleration and Inclusion

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  • Manasan, Rosario G.

Abstract

Despite various reform efforts over the years, the tax system in the Philippines continues to suffer from chronic weaknesses. The Duterte administration is pursuing a simpler, more efficient, and more equitable tax system to support its economic growth strategy. The administration's Comprehensive Tax Reform Program was filed as House Bill (HB) No. 4774 in January 2017 at the lower house and Senate Bill (SB) No. 1408 at the Senate. These bills represent the first of several reform packages that will each focus on different areas of tax policy. The House of Representatives approved a compromise bill, HB 5636, titled "Tax Reform for Acceleration and Inclusion" or TRAIN in May 2017.HB 4774, HB 5636, and SB 1408 seek to reform the structure of the personal income tax, value-added tax, and excise tax on petroleum products and automobiles, while improving the progressivity of the tax system. A portion of the additional revenues generated will be earmarked for investments in education, infrastructure, and health to stimulate long-term growth. This paper aims to assess the implications of these bills on the distribution of tax burden across income groups, economic incentives in affected sectors, national government revenues, and likely impact on tax compliance.

Suggested Citation

  • Manasan, Rosario G., 2017. "Assessment of the 2017 Tax Reform for Acceleration and Inclusion," Discussion Papers DP 2017-27, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:dpaper:dp_2017-27
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    File URL: https://www.pids.gov.ph/publication/discussion-papers/assessment-of-the-2017-tax-reform-for-acceleration-and-inclusion
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    References listed on IDEAS

    as
    1. Stella Quimbo & Xylee Javier, 2015. "Rethinking the taxation of compensation income in the Philippines," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 51(1), pages 1-22, June.
    2. World Bank, 2016. "Philippine Economic Update, October 2016," World Bank Publications - Reports 25271, The World Bank Group.
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    Keywords

    excise tax; Philippines; personal income tax; tax reform; value-added tax;
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