Iloilo City – The men and women of the Mines and Geosciences Bureau Regional Office 6 (DENR, MGB RO-6) learned more about the Tax Reform for Acceleration and Inclusion (TRAIN) Act and how they could adapt to these changes as taxpayers. Ms. Kimberly N. Rodorocio and Ms. Ma Luna Dawn P. Niego of the Bureau of Internal Revenue (BIR) shared their knowledge and expertise on the provisions of the TRAIN Law during the learning event held on March 29, 2019 at the Diversion 21. MGB RO-6 dedicated the day as well to celebrate the National Women’s Month.
The Tax Reform for Acceleration and Inclusion (TRAIN) Act also known as Republic Act No. 10963 is the initial package of the Comprehensive Tax Reform Program (CTRP) signed into law by President Rodrigo Duterte on December 19, 2017. The tax reform paved the way for changes in taxation packages such as on “personal income tax, estate tax, donor’s tax, value-added tax, documentary stamp tax and the excise tax of petroleum products, automobiles, sweetened beverages, cosmetic procedures, coal, mining, and tobacco.”
Ms. Cecilia L. Ochavo-Saycon, Chief of the Finance and Administrative Division encouraged the personnel to learn more about the tax reform law and the changes it poses, including changes in how taxes are computed for professionals such as geologists and mining engineers hired under a contract of service. Ms. Mae Y Magarzo, chief of the Geosciences Division and Gender and Development (GAD) Focal person said that the orientation is relevant in the celebration of the National Women’s Month with the theme “We make Change Work for Women” as it equipped not just the women but everyone in the organization on how to adapt to these changes on they are being taxed by knowing more about the tax reform. (MGB RO-6)