By Mon Abrea
The article of the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) marks another turning point in the Philippines’ ongoing effort to modernize its tax system, make it more investor-friendly, and align it with global standards. Building on the foundational reforms introduced through CREATE, this new legislation not only rationalizes incentives and improves clarity but also responds directly to the main concerns of foreign investors and multinational corporations (MNCs).
In our series of international roadshows last year — covering over 15 countries and engaging hundreds of business leaders, embassies, and chambers of commerce — two persistent themes emerged: the need for better taxpayer support for registered business enterprises (RBEs) and the urgent resolution of VAT refund issues. CREATE MORE addresses, thanks to the collective insight of our global partners.
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