Description
This edition has incorporated the salient features of Republic Act No. 10963 otherwise known as the Tax Reform for Acceleration and Inclusion Act (TRAIN ACT), as well as Republic Act No. 11534 otherwise known as the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE ACT). Likewise, the relevant provisions of Republic Act No. 114941 otherwise known as the Bayanihan to Recover as One Act (BARO ACT) affecting the internal revenue taxes have been included.
With the bar examinations in mind, the author has cautiously limited his discussion on the basic and important segments of the amendments which he deems relevant and functional in the candidate’s preparation for what is considered to be the “killer” subject of the bar examinations. As in all the previous editions, brevity and straightforwardness are consistently observed in its format.
