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TRAIN Law stands for Tax Reform for Acceleration and Inclusion Law. It is a tax reform program implemented in the Philippines aimed at restructuring the country's tax system to make it more progressive, simpler, and fairer. It includes provisions for adjusting income tax brackets, expanding the value-added tax base, and imposing excise taxes on certain products.

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What does the phrase interpreting the law meaning?

Interpreting the law refers to the process of analyzing and applying legal rules to specific cases in order to make decisions or judgments. It involves examining statutory law, case law, legal principles, and legislative intent to determine the meaning and implications of the law in a particular context. Judges, lawyers, and legal scholars engage in interpretation to ensure the just and fair application of the law.


The term Letter of the Law refers to?

The term "Letter of the Law" refers to strictly interpreting and following the exact wording of a law or legal document, without considering the underlying principles or intent. It emphasizes adherence to the literal meaning of the text rather than interpreting it more broadly or flexibly.


What is the meaning of conveyencing in law?

Conveyancing in law refers to the legal process of transferring ownership of property from one party to another. It involves preparing, verifying, and exchanging relevant documents, as well as ensuring that all legal requirements are met to complete the transfer successfully.


What is the meaning of daughter in law?

Daughter in law refers to a woman who has married your child. In the same way, your child has become either a son in law or a daughter in law to his or her spouses parents.


What are the origins of the word 'lawyer'?

The suffix 'yer' is often used to indicate someone that does something. Lawyer would be someone that does the law. Another example is sawyer, someone that saws.