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Press Release Villanueva: Ratified CREATE bill to cushion impact of automation on employment Senator Joel Villanueva lauded Congress ratification of the proposed Corporate Recovery and Tax Incentives for Enterprises (CREATE) law that would now cover training incentives to cushion the impact of automation in employment and upskill workers. At the same time, Villanueva challenged the Department of Finance (DoF) and the Foreign Investment Review Board (FIRB) to fulfill the pledge that more than one million new jobs will be created once the CREATE Bill is enacted into law and implemented by the executive department. On Wednesday afternoon, Villanueva expressed support the Senate s ratification of the bill which was approved by the Bicameral Conference Committee. The CREATE bill seeks to lower corporate income tax (CIT) and amend the country s tax incentives system.

Joel villanuevaTax incentives for enterprisesDepartment of finance doBicameral conference committeeCorporate recoveryTax incentivesForeign investment review boardBicameral conferenceCorporate income taxஜோயல் விலந்வெவவரி சலுகைகள் க்கு நிறுவனங்கள்துறை ஆஃப் நிதி செய்பெருநிறுவன மீட்புவரி சலுகைகள்வெளிநாட்டு முதலீடு விமர்சனம் பலகைபெருநிறுவன வருமானம் வரி