Tag: #create
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CREATE not yet with President Duterte—Dominguez
The Department of Finance (DOF) will look into the concerns raised by the Action for Economic Reforms (AER) regarding some provisions under the ratified corporate recovery and tax incentives for enterprises (CREATE) bill.
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CREATE to spur knowledge-based industries—DOF
The soon-to-be enacted Corporate Recovery and Tax Incentives for Enterprises Act (CREATE) will strengthen the culture of research, development, and innovation in the country, the Department of Finance (DOF) said.
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BOI targets P1.25 trillion for 2021, tallies P1.02T in 2020
The Board of Investments (BOI), the Philippine premier investment generation agency, has set a P1.25 trillion investments target in 2021, following the approval of P1.02 trillion in committed investments last year.
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DTI hopeful CREATE Bill will mirror House’s CITIRA
The Department of Trade and Industry (DTI) expressed hopes that the final Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill will be close to the Corporate Income Tax and Incentives Reform Act (CITIRA) House version that provided a good framework of time-bound, performance-based, and transparent incentives to investors.
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Japanese investors plan PH expansion with tax rate
The Philippines and Japan have reaffirmed their commitment to further build on their strong economic partnership, which includes plans to expand Japanese investments in the country following favorable developments on a tax reform measure.
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CREATE exempts COVID vaccine from VAT
Importation of critical medical medicines, including vaccines, are exempted from value added tax under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act starting January 1, 2021, according to Trade and Industry Secretary Ramon M. Lopez.
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DOF sees CREATE transmittal to Malacañang in December
The Department of Finance (DOF) is hopeful that Congress could transmit to President Rodrigo R. Duterte its unified version of the corporate recovery and tax incentives for enterprises (CREATE) law within December.
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NEDA lauds passage of CREATE
The National Economic and Development Authority (NEDA) lauded the passage of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill in Senate that aims to help the country recover from the global crisis.
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BOI expects $24-billion new investment inflows in one year
The Philippines has identified 90 investment leads with estimated initial project cost of $24.1 billion that are expected to materialize within a year, according to Trade and Industry Secretary Ramon M. Lopez.