House Speaker Martin Romualdez (Speaker’s office) President Marcos' enactment of the measure amending the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act is expected to boost investor confidence and generate more jobs for Filipinos.Thus,...
Albay 2nd district Rep. Joey Salceda (Facebook) Albay 2nd district Rep. Joey Salceda is upbeat over the passage on second reading of the CREATE MORE (Maximize Opportunities for Reinvigorating the Economy) bill, his pet measure. As such, the House Committee on...
The Department of Finance (DOF) has reported that the application for tax incentives for 45 projects, with a combined investment capital of P721.3 billion, has been approved by the Fiscal Incentives Review Board (FIRB). In a statement on Wednesday, Oct. 25, the DOF said these projects are...
The Department of Finance’s (DOF) threw its support behind the proposed amendments to the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law to harness the Philippines’ potential as a global investment hub.In a statement on Wednesday, Oct. 25, Finance Secretary Benjamin E. Diokno...
An official of the Department of Trade and Industry (DTI) said on Tuesday, Oct. 17, that President Marcos is keen to maximize the potentials and benefits of his administration’s green lanes for strategic investments to pave the way for more local and foreign investments to the country.President...
To expedite the country’s economic recovery from a two-year Covid-19 pandemic, senatorial candidate Sorsogon Governor Francis “Chiz” Escudero said the government should consider giving micro, small and medium enterprises (MSMEs) more time to pay their taxes.
Escudero, who is seeking a...
The Senate has approved on third and final reading the measure that seeks to clarify that all private schools –both non-profit and for profit—are entitled to the one percent preferential tax rate under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law.
Senator Pia...
Senator Pia Cayetano on Tuesday, August 3 vowed to expedite the passage of the bill that seeks to clarify the controversy regarding the preferential tax rates of private schools.
Cayetano, who chairs the Senate Ways and Means Committee, said she is now waiting for the transmittal of the House of...
The House Ways and Means Committee on Monday, August 2, approved the draft measure that aims to define the tax rates for propriety educational institutions (PEIs) and allow them to avail of preferential rates on taxable income.
House of Representatives4
House ways and means chairperson and...
The Coordinating Council of Private Educational Associations (COCOPEA), which counts over 2,500 private educational institutions as members, called on Congress to immediately support the enactment of two bills to permanently rescind the imposition of 150-percent tax hike on private...
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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...
The “Make It Happen in the Philippines” campaign and the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act will help foreign investors expand their markets when they invest in the country, Philippine Ambassador to Japan Jose C. Laurel V told Japanese businessmen.
The envoy...
