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PASAY CITY, Feb. 8 Once enacted into law by President Duterte, the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill will result in a more affordable cancer treatment as the measure will exempt cancer prevention medication from the Value Added Tax, Senator Joel Villanueva said.
Villanueva, chair of the Senate Committee on Labor, Employment and Human Resource Development, said he was eagerly looking forward to the enactment of the CREATE bill which he said could serve as a milestone not only in the country s fight against the pandemic, but also in the campaign to prevent cancer and other diseases in the country.
(Pixabay / FILE PHOTO / MANILA BULLETIN)
Villanueva said that under the CREATE bill, cancer medications will be exempted from value-added tax (VAT).
“Not only will the proposed CREATE law help our economy bounce back from the raging effects of the pandemic, it will also greatly reduce the cost of cancer medication that has been killing hundreds of Filipinos every day who cannot afford the cost of cancer treatment,” he said in a statement on February 7.
The Senate and the House of Representatives last week ratified the final version of the CREATE bill, which seeks to lower corporate income tax (CIT) and amend the country’s tax incentives system to attract more foreign investments and create job opportunities in the country.
Jane Fetterly
Special to the Daily News
Julia Dattolo was named president and chief executive officer of CareerSource of Palm Beach County. The firm is chartered by the state of Florida to lead workforce development. Dattolo joined the company in 2015, after a 22 year military career in the U. S. Navy, serving in the rank of commander. For information call 561-340-1060 or visit careersourcepalmbeachcounty.com.
New amphitheatre: The South Florida Science and Aquarium announces the opening of an amphitheater at 4801 Dreher Trail, West Palm Beach. Events are planned for the second Friday of each month. The Conservation Course will be open for golf. There will be food trucks on site. Call 561-832-1988 for details or visit sfsciencecenter.org.