EFFECTS OF TRAIN LAW PACKAGE 1A TO THE SAVING AND SPENDING BEHAVIOR OF THE RESIDENTS IN NASUGBU, BATANGAS

TRAIN law primarily aims to refine the tax system through the rationalization of the Philippine internal revenue tax system hence, promoting sustainable and inclusive growth. After it has been implemented, many people argued that it only caused inflation which lessens the purchasing power of the Filipino citizens. The study aimed to determine the effects of TRAIN Law to the saving and spending behavior of the residents in Nasugbu. It aimed to determine if the simplified tax system has a positive or negative effect to the said respondents and to assess their level of awareness towards the said tax reform. To be able to determine the level of awareness and effects of TRAIN Law, this study used descriptive research method. The saving and spending behavior as well as the awareness were assessed using Likert Scale and computed using Weighted Mean and Z-Test. The results of the study proved that there is only a slight change on the saving and spending behavior after administering the new tax system. Z-test provided that there is no significant difference on the saving behavior of the respondents while on the other hand, there is significant difference on the spending behavior after the implementation of TRAIN Law.