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FA4

QuestionAnswer
The DOF in September 2016 submitted TRAIN to Congress. TRUE
The TRAIN law aims in uplifting about 30 million Filipinos from poverty. FALSE
According to TRAIN law, starting January 1, 2019, businesses with total annual sales of P3 Million and below are exempted from paying VAT. FALSE
House of Representatives approved in third and final reading HB no. 5636. TRUE
In the next ten years, the TRAIN law can fund 35, 745 km of paved roads. FALSE
Duterte in 2017 certified TRAIN as an urgent and priority measure. TRUE
The TRAIN law will ease the burden of the average Filipino wage earner. TRUE
January 1, 2018 was the start of the implementation of TRAIN law. TRUE
The TRAIN law aims to make the current tax system simpler. TRUE
The TRAIN law aims to reduce the poverty rate from 26% to 47% FALSE
Duterte signed RA10963 also known as TRAIN law. TRUE
The revenue to be collected in TRAIN law will fund projects on infrastructure modernization and human capital formation. TRUE
TRAIN law aims to create a less conducive learning environment with ideal teacher-to-student ratio. FALSE
The TRAIN law aims in eradicating poverty. FALSE
Under the TRAIN law, a single rate of 9% of net donations will be imposed for gifts above P250,000 yearly regardless of relationship to the donor. FALSE
In the next ten years, the TRAIN law can fund 60, 483 rural health units. FALSE
The TRAIN law will ease the burden of the average Filipino wage earner. TRUE
The Senate approved in third and final reading HB no. 1592. TRUE
Additional funds from TRAIN law will be used for projects of DOH. FALSE
According to TRAIN law, starting January 1, 2018, the 13th month pay and other bonuses amounting to P80,000 are likewise tax-exempt. FALSE
The TRAIN Law was the first package of the comprehensive tax reform program of Pres. Duterte. TRUE
The final bicameral conference for TRAIN law was held in December of 2017. TRUE
The TRAIN law aims in providing unequal opportunities through inclusive economic and political institutions and achieve high income status. FALSE
The TRAIN law aims to make the current tax system more efficient. TRUE
The revenue to be collected in TRAIN law will fund projects on infrastructure modernization and human capital formation. TRUE
According to TRAIN law, starting January 1, 2019, businesses with total annual sales of P3 Million and below are exempted from paying VAT. FALSE
Created by: Kolfasaur
 

 



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