Senators have called on the Bureau of Internal Revenue (BIR) to rescind its regulation that increasing the tax rate on schools to 25 percent.
Senate President Pro Tempore Ralph Recto
Senate President Pro Tempore Ralph Recto and Senator Joel Villanueva referred to the BIR's Revenue Regulation...
With CREATE, FIST laws
The Bangko Sentral ng Pilipinas (BSP) expects the economy to post positive growth in the second quarter due to base effects, but whether or not this will be sustained for the rest of the year will depend on the implementation of recently approved laws, such as the...
Singaporean investors are urged to explore business opportunities in five priority sectors such as manufacturing, start-up and innovation, services, research and development and infrastructure and public private partnership (PPP) even as he announced that government will be formulating the...
After the passage of the CREATE Bill, the government’s economic managers have endorsed to President Rodrigo Roa Duterte (PRRD) for certification as urgent three economic bills pending in Congress with target passage by October this year or just before the political season starts for next...
Think tank Action for Economic Reforms (AER) has called on President Duterte to line item veto some provisions of the ratified corporate recovery and tax incentives for enterprises (CREATE) bill.
In a statement, AER raised five concerns regarding certain provisions of the CREATE bill that was...
The Department of Finance (DOF) worked closely with lawmakers last year in providing technical support leading to swift congressional action on legislative measures that aim to rescue businesses, provide emergency assistance to vulnerable sectors and keep the economy afloat amid the crisis arising...
With less than two-years left before the Duterte administration ends its term, the Department of Finance (DOF) urged lawmakers during the House constitutional amendments hearing that they should focus on pending measures that are “immediately doable.”
Finance Secretary Carlos G. Dominguez...
Amending the economic provisions of the Constitution will not result in revenue losses for the government unlike the Corporate Recovery and Tax Incentives (CREATE) bill where P1.073 trillion in revenues would be lost once the pending is passed, according to economist congressman Joey...
The P65 billion worth of liquefied natural gas (LNG) import terminal projects cornered by the government had been proposed for pioneer incentives availment under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Bill that is under continued deliberations in...
As Congress resumes sessions today, January 18, the Philippine Chamber of Commerce and Industry (PCCI), the largest umbrella of business organizations in the country reiterated its call for the august body to focus on the passage of the Corporate Recovery and Tax Incentives for Enterprises...
Multisectoral groups, comprising of 51 largest and widely-represented private sector associations, have urged for the immediate enactment of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill to boost market confidence, save jobs and provide instant relief to businesses’...
At least 30 business organizations are signing a Joint Statement of Support calling for the immediate passage of the long delayed Corporate Recovery and Tax Incentives for Enterprises (CREATE) Bill with all the critical features to boost businesses and attract more investors into the...
