According to a release from the Philippine Department of Finance, the Senate passed its version of the Tax Reform for Acceleration and Inclusion Act (TRAIN) on 28 November 2017. The House of Representatives passed its version of the legislation in May 2017 and it is hoped that both chambers can wrap up bicameral deliberations in time for the submission of the final version in December so that a new law to this effect could be signed and implemented as scheduled by January 2018. The reform me…