THE Board of Investments (BoI) said it counts 12 registered projects as eligible to transfer to the incentive regime offered by the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act.
In an advisory dated Dec. 18, the BoI said the 12 eligible registered business enterrises (RBEs) have current projects with investment capital exceeding P15 billion registered during the effectivity of the CREATE Act, the precursor to CREATE MORE.
BoI Managing Head and Trade Undersecretary Ceferino S. Rodolfo said that the law requires the RBEs to submit a affidavit of intent to transfer and file an application by Dec. 31.
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