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'Create More bill will erase vital reforms in Create law'

LOCAL economists have raised alarm bells over the Corporate Recovery and Tax Incentives for Enterprises Maximize Opportunities for Reinvigorating the Economy (Create More) bill, saying this may only allow businesses to keep their incentives longer. In a statement on Tuesday, Action for Economic Reforms (AER) said the Senate should protect… ....

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BOI pressed on gaps between Create law and its IRR

AS promised, lawmakers are pursuing the initiative to redress the inconsistency between the Corporate Recovery and Tax Incentives for Enterprises (Create) law and its implementing rules and regulations (IRR); and similar gaps in the value-added tax (VAT), in a bid to encourage better compliance, avoid stunting business growth and shore… ....

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Solons brace for global minimum corporate tax regime via new bill

TO prepare for the consequences of the imposition of the global minimum corporate tax, the House Committee on Ways and Means approved last Tuesday several proposals aimed at enhancing Republic Act (RA) 11534 or the “Create” law. Albay Rep. Joey Sarte Salceda said his committee put forward the unnumbered substitute… ....

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Senate approves SBMA's P681-M budget | The Manila Times

SUBIC BAY FREEPORT: Without any hesitation, the Senate has approved the P681 million proposed of the Subic Bay Metropolitan Authority (SBMA) for fiscal year 2024 during a plenary session at the Senate on Tuesday, November 14. ....

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Solons' tweak of Create Law may clip powers in granting tax perks

MEMBERS of the House Committee on Ways and Means said last Tuesday that it is now considering the removal of the proposed motu proprio power of the President to grant tax incentives under the new bill amending the Corporate Recovery and Tax Incentives for Enterprises (Create) law or Republic Act… ....

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