Professional Documents
Culture Documents
100%
Enrollment and
completion rates
113,553
Classrooms
181,980
Teachers
Internal Revenue (BIR) and
the Bureau of Customs
(BOC). TRAIN also includes
the following administrative
A P2,400* one-time support
for the poorest 50% of
households.
NOW
DOF Proposal
measures:
*Tentative amount based on actual
• Mandatory fuel marking tax revenues
100% • Provision for use of Public Transport
Establish 25 and e-receipts Modernization
upgrade 704 PhilHealth Hire 176,922
local hospitals coverage with more health • Bank secrecy relaxation
better services professionals
from 2017 to
for criminal cases
Upgrade and/or relocate
2020: • Connection of business
4,824 doctors
263 rural and urban health 104,629 nurses
accounting system to BIR Upgrade public transport to
units to disaster-resilient system
facilities 16,300 midwives be more fuel-efficient and
51,169 dentists,
Build 15,988 new pharmacists, less polluting to lower
barangay health stations medical
technologists, and
transport cost.
Build 2,424 new rural and
urban health centers public health
associates
This simplified tax system will 6% 13% of fuel is consumed by wealthiest 1% of Filipino
families (earning at least P288,000 per month). The
increase take-home pay and put
more money in people’s pockets. To expand the tax base, TRAIN will limit exemptions to same percentage is consumed by the poorest 50%.
necessities—raw food, education, and health—and instead
Bonuses not exceeding P82,000 use the budget to help the poor and vulnerable. The VAT base Rates of oil excise have not been adjusted since 1997.
will continue to be exempted. broadening covers: Adjusting them addresses environmental and health
• Cooperatives, except • Power transmission problems as well.
producers of raw agriculture • Low cost and socialized
Estate and Donor’s Tax products and with gross housing Automobile Excise Tax
sales of P3 million and
Estate tax Donor’s tax • Lease of residential units Increase in tax rates of luxury cars will be higher than the
below
• Boy scouts and girl scouts increase in tax rates of basic cars. This makes the tax work
• Domestic shipping for those who have less.
importation • Other special laws with VAT
exemption Suggested retail price (SRP) of typical automobiles
• Single tax rate of 6% of the • Single tax rate of 6% of net Brand and Model Tax Rate Change in SRP
estate’s net value donations for gifts above Senior citizens and PWDs will still
Toyota
• Standard deduction of P1 P100,000 yearly, enjoy exemptions. Vios 1.3 Base
4% P10,734
million and exemption of regardless of relationship
Mitsubishi
up to P3 million for family Mirage G4 GLS
4% P13,261
homes Limiting VAT exemptions will raise Toyota 24,000 + 40% in excess
SUBSIDIES Innova 2.0 J of 600,000 P43,725
more funds for the poor and
vulnerable.
Data are updated as of June 14, 2017.
Figures subject to change as new data are available.