PRRD vetoes TRAIN bill provisions

Duterte vetoed some items in the TRAIN by the power vested in him by Article VI, Section 72 of the Constitution.

President Duterte has vetoed certain provisions of the TaxReform for Acceleration and Inclusion Act (TRAIN) bill submitted by Congress.

Below is a copy of the veto message which cites theprovisions rejected by the President, namely the line that reduced income taxrate of employees of regional headquarters, regional operating headquarters,offshore banking units and petroleum service contractors and subcontractors.