WHAT ARE THE CURRENT ISSUES ON TAXATION IN THE PHILIPPINES?

Answer 1

Current issues in taxation in the Philippines include concerns over tax compliance and evasion, which hinder government revenue collection. The implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) law has sparked debates about its impact on inflation and the burden on low-income households. Additionally, there are ongoing discussions about the digital economy's taxation, particularly regarding e-commerce and online services, as well as calls for a more equitable tax system to address income inequality. Lastly, the government's efforts to broaden the tax base face challenges due to resistance from certain sectors and complexities in tax administration.