PH loses P30B to tax perks, but hopes to attract tenfold in new investments inquirer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.net Daily Mail and Mail on Sunday newspapers.
FINANCE Secretary Benjamin Diokno said over the weekend that the Fiscal Incentives Review Board (FIRB), which he chairs, had approved 25 projects with a total investment of P287.9 billion since the beginning of the Marcos administration.
The government extended incentives to 25 various projects nationwide with total investments of P287.947 billion during the first year of the Marcos Jr. administration. The projected amount of incentives or the foregone revenues by the state was at nearly P30 billion, according to the Department of Finance (DOF). Finance officials…
The Fiscal Incentives Review Board (FIRB) gave the green light for 25 projects— collectively worth more than a quarter of a trillion pesos—to enjoy tax incentives under the CREATE (Corporate Recovery and Tax Incentives for Enterprises) Act during the Marcos administration's first year in office, the Department of Finance said.
FIRB grants tax incentives to 25 projects - BusinessWorld Online bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.