Cabinet Secretary Karlo Nograles said that the Department of Information and Communications Technology (DICT) was working on a common digital ID that would serve as proof of a person's vaccination against the coronavirus disease (COVID-19). Cabinet Secretary Karlo Nograles (PCOO / MANILA BULLETIN...
The finance and trade departments signed the implementing rules and regulations (IRR) of the corporate recovery and tax Incentives for enterprises (CREATE) law, the government’s largest fiscal stimulus package for businesses in the country’s history. Ahead of the July 10, 2021 deadline, Finance...
BETTER DAYS Senator Sonny Angara Last March, President Duterte enacted into law Republic Act 11534, more widely known as the Corporate Recovery and Tax Incentives for Enterprises or CREATE Act. Certified at the time as urgent by Malacañang, the law was touted as one of the government’s critical...
More restaurants and establishments in Quezon City are offering discounts and incentives to residents who will get vaccinated against COVID-19. Mayor Joy Belmonte thanked the city's business establishments that continuously support the programs of the city government. “We are thankful to the...
The Fiscal Incentives Review Board (FIRB) has adopted the framework for the grant of incentives to qualified industries under the government’s Strategic Investment Priorities Plan (SIPP). As provided in the newly enacted Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law that...
Senator Nancy Binay on Sunday urged the Bureau of Internal Revenue (BIR) to “have a heart” and spare private schools from a 150 percent increase in income tax. Binay said the BIR should withdraw its Revenue Regulation No. 5-2021 which seeks to impose higher income tax on so-called proprietary...
Metro Manila mayors are considering giving uniform incentives to convince more people to get inoculated against the coronavirus disease (COVID-19). (FILE PHOTO / MANILA BULLETIN) Parañaque City Mayor Edwin Olivarez, also the chairman of the Metro Manila Council (MMC), said in an interview with...
Vice President Leni Robredo believes that incentivizing those who will get their coronavirus jabs will further boost the country’s vaccination drive. Vice President Leni Robredo (OVP) Robredo, an opposition leader, said it is up to the local government units (LGUs) and the national government how...
A ray of hope shone through the thick fog of anxiety over the latest COVID upsurge: the signing into law by President Duterte of Republic Act 11534, the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE). It is regarded as a “historic economic reform” that is “one of the...
The proposed legislated franchise for the Bulacan airport project will imperil all existing and future tax laws in the country, economic and transportation experts warned. In a virtual briefing, Action for Economic Reforms coordinator Filomeno Sta. Ana III and transportation expert Rene Santiago...
