THE House Committee on Ways and Means is now working on a proposal that will address challenges as well as “enhance” the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act. While CREATE has achieved “notable successes,” Albay Rep. Joey Sarte Salceda admitted that challenges and opportunities for improvement have emerged during the implementation of
The Department of Finance (DOF) on Wednesday said amending the CREATE Act is necessary in boosting the country’s foreign investments amid concerns raised by prospective investors regarding the landmark measure. “The proposed amendments to the CREATE Act will enhance the incentives, clarify the rules and policies on the grant and administration of incentives to qualified
THE economic team will revise the implementing rules and regulations (IRR) of the Maharlika Investment Fund (MIF) in line with the “wisdom” of President Marcos Jr. of making the country’s first sovereign wealth fund “close to perfect.” “We subscribe to the wisdom of [President Marcos Jr.] in suspending the IRR as this is not just
HOUSE Committee on Ways and Means Chairman Joey Sarte Salceda said on Wednesday the suspension of the enforcement of the implementing rules and regulations (IRR) of the Maharlika Investment Fund (MIF) paves the way for a thorough review and resolution of any concerns within the Executive Branch’s IRR draft before full implementation. “That is the
THE country stands to lose at least P60 billion this year due to the proliferation of illicit cigarettes in the market that could reverse gains from the state’s sin taxes in curbing smoking, the head of the House Committee on Ways and Means said. Albay 2nd District Rep. Joey Sarte Salceda pointed out that the