Philippines talks incentives at forum
VYING FOR BUSINESS: The Philippines last month passed a law to lower corporate income taxes to attract more firms to invest and open manufacturing facilities there
Staff writer, with CNA
The Philippines highlighted new tax incentives for investing and operating in the country at the annual Philippine Investment Forum in Taipei on April 15.
The forum, hosted by the Manila Economic and Cultural Office (MECO), focused on the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE), which was signed into law by Philippine President Rodrigo Duterte on March 26 and takes effect on July 1.
The act lowers the corporate income tax rate from 30 percent to 25 percent for large corporations and to 20 percent for small businesses.
MANILA, Apr. 24 — Top-ranking Taiwanese executives with extensive business and manufacturing operations in the Philippines expressed their strong confidence in continuing to choose and “Make It Happen” in the Philippines to further grow their businesses during the.
Published April 23, 2021, 7:00 AM
Top executives of major Taiwanese manufacturing firms vowed to continue choosing the Philippines for their regional expansion plans.
At the virtual Philippine Investment Forum in Taipei, co-organized by the Philippine Trade & Investment Center (PTIC) in Taipei and the Manila Economic and Cultural Office (MECO) on April 15, 2020, Taiwanese executives, decision-makers, and business leaders said they are seriously looking to expand their business operations .
The forum was highlighted by a discussion by Philippine government officials on the key features of the recently-enacted Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, a hallmark in Philippine legislation which lowers the country’s corporate income tax (CIT) rate and modernizes the country’s investment incentives that are competitive, transparent, time-bound, targeted, and performance-based.
Philippines offers new incentives at Investment Forum in Taipei
04/20/2021 12:28 PM
Photo courtesy of Manila Economic and Cultural Office (MECO)
Taipei, April 20 (CNA) The Philippines highlighted new tax incentives for investing and operating in the country at the annual Philippine Investment Forum in Taipei on April 15.
The forum, held by the Manila Economic and Cultural Office (MECO), focused on the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE), which was signed into law by President Rodrigo Duterte on March 26 and takes effect on July 1.
The act lowers the corporate income tax rate from 30 percent to 25 percent for large corporations and to 20 percent for small businesses.