BusinessWorld
Third of four parts
Republic Act No. 11534, also known as the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE), is said to be the first-ever revenue-eroding tax reform package. The largest economic stimulus program in the country’s history, it provides major amendments to our tax and incentives laws with the goal of helping businesses move into post-pandemic recovery while encouraging foreign investments into the country. The law took effect on April 11, 2021.
The first and second parts of this four-part article discussed the passage and goals of the CREATE Act, as well as the exemption of foreign-sourced dividends, the repeal of improperly accumulated earnings tax, tax-free exchange, additional provisions to consider and provisions that were vetoed.
Rehabilitation, upgrading of airport to boost Siquijor s tourism sunstar.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunstar.com.ph Daily Mail and Mail on Sunday newspapers.
Published April 23, 2021, 3:57 PM
DAVAO CITY – The Department of Tourism (DOT)-Davao region plans to launch Japanese history and Chinatown bike tours here to promote the local tourism beset by the coronavirus disease (COVID-19) pandemic.
DOT-Davao director Tanya Rabat-Tan said in a virtual press conference that they are working closely with the city government here to draft the plan of this new tourism offering in the hopes of reviving the local industry.
She said the agency is also looking for bike trails and historical structures that would be included in the tour packages. Tan added that the agency is also considering other trails outside the city for adventure seekers.
FIRB targets May 17 to pass CREATE IRR 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.
April 4, 2021 | 8:16 pm Font Size
PHILSTAR
SUBSIDIES GRANTED to government-owned and -controlled corporations (GOCCs) fell 27.7% from a year earlier in February to P7.581 billion, the Bureau of the Treasury reported.
The National Irrigation Administration received 65.9% of the total with P4.994 billion, down 15% from a year earlier.
The Bases Conversion Development Authority received P720 million, the Small Business Corp. P300 million and the Philippine Heart Center P296 million.
Other top recipients were the National Kidney Transplant Institute (P213 million), Philippine Children’s Medical Center (P209 million), Light Rail Transit Administration (P170 million), and Philippine Rice Research Institute (P155 million).
Towards the bottom of the subsidy list were the Subic Bay Metropolitan Authority (P2 million), Philippine Health Insurance Corp. (P3 million), the Aurora Pacific Economic Zone and Freeport Authority and Zamboanga City Special Economic Zone Authority (P8