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www.manilatimes.net Net gain from Train a sizable P12B – BIR

Implementation of the Tax Reform for Inclusion and Acceleration (Train) law substantially boosted the Bureau of Internal Revenue’s (BIR) first quarter earnings, officials told legislators on Wednesday. Higher taxes, particularly for tobacco products, led to a P12.532-billion net gain from Train for the BIR, data presented at the House of Representatives showed. A P3.185-billion net
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