President Rodrigo Duterte is leaving it to Congress to act on the appeal to suspend the Tax Reform for Acceleration and Inclusion (TRAIN) law due to its effects in the prices of goods and services.
During his speech before flying to South Korea, the President said that it will be up to Congress whether to amend or suspend the implementation of the TRAIN law.
Duterte revealed that he wants the TRAIN law to remain since the government needed its revenues to fund their infrastructure program.
“Well, the law was enacted by Congress. I leave it to Congress to decide whether or not to amend, or suspend, or modify the law,” Duterte said during his speech in Ninoy Aquino International Airport.
TRAIN was implemented last January and increased or placed excise taxes on petroleum products, sweetened beverages, automobiles, and other products, while lowering the personal income tax.
Various groups called for the suspension of TRAIN law, particularly the excise tax for petroleum products, due to the high price of fuel, which has affected the cost of other goods.