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T RA I N I NG SER I ES28ShortcutsXactware Technical Support www.xactware.com 2014 Software Solutions, Inc. All rights reserved. Software, Activate, Factset, XactAnalysis, Malcontents, Sketch, Activate
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What is train?
TRAIN stands for Tax Reform for Acceleration and Inclusion Act, which is a tax reform law in the Philippines.
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Individuals and businesses in the Philippines are required to file their taxes under the TRAIN law.
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To fill out TRAIN tax forms, individuals and businesses need to provide accurate information about their income, expenses, and deductions.
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The purpose of the TRAIN law is to simplify the tax system, make it more progressive, and generate revenue for government programs.
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Taxpayers must report their income, deductions, expenses, and other financial information on the TRAIN tax forms.
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