Republic Act (RA) No. 11534, otherwise known as the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act was created by the Philippine Congress in response to the COVID-19 pandemic as a fiscal relief to domestic and foreign corporations doing business in the Philippines.
Articles
Senate President Pro Tempore Ralph Recto urges the government to procure COVID-19 vaccines for the Philippines for 2022.
The Bureau of Internal Revenue (BIR) recently released new revenue regulations to implement the recently-enacted Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act.
Carpo Law & Associates, in partnership with Kittelson & Carpo Consulting, brings you “IN-DEPTH DISCUSSION SERIES: Tax and Labor Updates During COVID-19”. This webinar will cover discussions on work preservation under economic difficulty and national emergency. It will also discuss BIR regulations under the newly-enacted Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act.
Pursuant to the Press Briefing of Presidential Spokesperson Harry Roque on March 27, some of the major areas in the Philippines are once again under the Enhanced Community Quarantine (ECQ). Learn about the changes introduced by the recently-announced proclamation.
Camarines Sur Representative LRay Villafuerte calls for the House of Representatives to prioritize the COVID-19 vaccination program over the committee’s move on amending the 1987 constitution amid the COVID-19 pandemic.
Pursuant to Inter-Agency Task Force (IATF) Resolution No. 104, some of the major areas in the country are once again under a stricter General Community Quarantine (GCQ). Learn about the changes introduced by the recently-implemented resolution on March 21, 2021.
President Rodrigo Duterte signs a bill that allows the government to set up an indemnity fund worth ₱500 million to individuals who may suffer adverse reactions or side effects after receiving the vaccine under the COVID-19 vaccination program.
Makati City Representative Luis Campos Jr. urges the Bangko Sentral ng Pilipinas (BSP) to reconsider and suspend their current plan to increase the fees for automated teller machines (ATMs) amid the COVID-19 pandemic in the Philippines.
The Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill has been approved by the Houses of Senate and Congress to be signed into law.