corporate-recovery-and-tax-incentives-for-enterprises | ABS-CBN News

Duterte signs CREATE bill lowering corporate income taxes, vetoes some provisions

Joyce Balancio and Jamaine Punzalan, ABS-CBN News
Updated as of Mar 26 07:45 PM

President Rodrigo Duterte has signed a bill that will reduce the corporate income tax rate in a bid to attract more foreign investments and help the Philippine economy recover from the coronavirus pandemic.  Read more »

Savings from CREATE tax cuts to be re-invested back to the economy: business leaders

Warren de Guzman, ABS-CBN News
Posted at Feb 17 10:59 PM

The country's top businessmen said the passage of a bill that will cut corporate taxes from 30 percent to 25 percent will attract not just foreign investors, but also re-investments from big local firms. Read more »

House, Senate ratify CREATE bill lowering corporate income taxes

ABS-CBN News
Updated as of Feb 03 05:22 PM

(UPDATE) The House of Representatives and the Senate ratified Wednesday a bicameral committee report on a bill that will reduce the corporate income tax rate in a bid to attract more foreign investments and help the Philippine economy recover from the coronavirus pandemic. Read more »

Bicam approves CREATE bill which lowers corporate income taxes

Reuters
Updated as of Feb 02 12:16 AM

MANILA (UPDATED) - A joint Philippine congressional panel approved on Monday a bill that will reduce the rate of corporate income tax in a bid to attract more foreign investment and help the coronavirus-hit Southeast Asian economy recover. Read more »

Financial execs oppose Cha-cha, say gov't must focus on economic recovery

ABS-CBN News
Posted at Jan 18 06:50 PM

The premier group of the country's top financial executives has "strongly opposed" changes to the Constitution through the government's proposed charter change (Cha-cha), as amendments should be limited to economic reforms. Read more »

Philippine chamber calls on Congress to fast-track corporate tax reform bill

ABS-CBN News
Posted at Jan 18 03:22 PM

The Philippine Chamber of Commerce and Industry said lawmakers should "focus on the passage of the Corporate Recovery and Tax Incentives for Enterprises (CREATE)."  Read more »

New COVID-19 virus variant a 'downside' to PH economic recovery: economist

Bruce Rodriguez, ABS-CBN News
Updated as of Dec 30 08:18 PM

The new variant of the COVID-19 virus is posing a downside risk for the Philippines' economic recovery, an economist said Wednesday. Read more »

Japanese investors welcome CREATE bill says DOF

ABS-CBN News
Posted at Dec 29 11:18 AM

Japanese investors welcome a bill seeking to lower corporate income tax rates, the Department of Finance said Monday.    Read more »

CREATE bill hurdles Senate on final reading after DOF agrees to easing some provisions

Katrina Domingo, ABS-CBN News
Updated as of Nov 26 08:34 PM

The Senate on Thursday approved on final reading the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, after the Department of Finance (DOF) agreed to ease several provisions that might discourage investors from coming to the Philippines. Read more »

Senate settles deadlock on CREATE bill with separate tax rules for exporters, domestic players

Katrina Domingo, ABS-CBN News
Posted at Nov 25 12:14 AM

The Senate on Tuesday settled a deadlock on when incentives for several industries would end under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill by approving an amendment that would treat exporters and domestic players "differently." Read more »

Recto scoffs at DOF's hesitance to accept minor CREATE amendments

Katrina Domingo, ABS-CBN News
Posted at Nov 24 11:09 PM

Senate President Pro Tempore Ralph Recto on Tuesday scoffed at the Department of Finance (DOF) for nitpicking on several proposed amendments to the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill. Read more »

Senate eyes early session resumption to tackle 2021 budget, CREATE bill: Zubiri

Katrina Domingo, ABS-CBN News
Posted at Oct 15 01:35 PM

Senate Majority Leader Juan Miguel Zubiri on Thursday said the Senate plans to resume session a week earlier in November to work on the passage of the 2021 budget and a bill that will rationalize corporate income taxes, 2 measures cited as priorities of the executive branch. Read more »

Imee Marcos seeks to 'defer' removal of tax incentives under CREATE bill

Katrina Domingo, ABS-CBN News
Posted at Oct 12 09:42 PM

Senate Committee on Economic Affairs chair Imee Marcos on Monday sought for the "outright deferment" a bill that would reduce incentives given to several businesses, saying the government needs to "protect" investors who have been creating jobs and generating revenue for the Philippines for several decades. Read more »

Duterte asked: Where's pandemic roadmap in SONA?

Christian V. Esguerra, ABS-CBN News
Updated as of Jul 28 03:13 AM

President Rodrigo Duterte addressed Filipinos on Monday seeking to rally a nation battered by a raging pandemic but laid down no detailed roadmap for the country’s post-COVID-19 future, critics and analysts said. Read more »