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.
CREATE Bill
The Department of Trade and Industry (DTI) hopes for the final version of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill will have a close similarity with the house’s version of the Corporate Income Tax and Incentives Reform Act (CITIRA).
Philippine Economic Zone Authority (PEZA) Chief Charito B. Plaza repeats her call to permit investors to keep their current fiscal incentives, exempting them from the new tax regime.
The Department of Finance (DOF) Secretary Carlos Dominguez III praises the role of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill in attracting investments for renewable energy in the Philippines.