Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act

The CITIRA bill, now the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, was recently  signed into law by President Rodrigo Duterte which cuts corporate income taxes and provides incentives to help businesses recover from the pandemic and encourage foreign investments.

 

Reference:

https://newsinfo.inquirer.net/1411861/duterte-signs-create-bill-into-law#ixzz6qbhHOMNt
https://taxreform.dof.gov.ph/tax-reform-packages/p2-corporate-recovery-and-tax-incentives-for-enterprises-act/

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