10/05/2021
Did you know that, last March 26 of this year, President Duterte signed the second of the four major packages of comprehensive tax reforms proposed by the Department of Finance?
The Republic Act 11534 or the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act will bring the country’s business climate competitiveness at least at par with the neighboring ASEAN countries, and attract more greenfield and expansionary investments from foreign and domestic investors.
MANILA – The National Economic and Development Authority (NEDA) thanked President Rodrigo Roa Duterte and the Congress for enacting Republic Act 11534, or the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, which will provide one of the country’s largest stimulus...