Tag

// Corporate Recovery and Tax Incentives for Enterprises (CREATE)
MAR
08
2024

Quality of jobs in PH continues to improve as more Filipinos are engaged in formal and stable work

PRESS RELEASE Finance Secretary Ralph G. Recto has underscored that the quality of jobs in the Philippines has continued to improve as more Filipinos are engaged in formal and stable work—representing the largest portion of the employed workforce in the country, according to the
FEB
26
2024

Philippines – Sweden partnership

IN PHOTOS: Finance Secretary Ralph G. Recto engaged in a bilateral meeting with Swedish Ambassador to the Philippines Annika Thunborg to strengthen the Philippines and Sweden’s partnership and discuss potential areas for strategic investments.Sweden expressed strong interest in
FEB
19
2024

FIRB increases IPA projects approval threshold to roll out ‘red carpet’ to investors

Press Release In line with President Ferdinand R. Marcos, Jr.’s directive for the government to roll out a ‘red carpet’ for investors, the Fiscal Incentives Review Board (FIRB) has unanimously approved a resolution increasing the investment capital threshold for projects handled
JAN
31
2024

PH’s full-year 2023 GDP growth strongest among major Asian economies

31 January 2024 The Philippines finished strong in 2023 with a full-year gross domestic product (GDP) growth rate of 5.6 percent, outpacing major economies in Asia, such as China (5.2 percent), Vietnam (5.0 percent), and Malaysia (3.8 percent) based on the latest available data.
SEP
21
2021

Sponsorship Speech: Tax on Proprietary Educational Institutions

SPONSORSHIP SPEECH Committee Report No. 311 on SB No. 2407 Tax on Proprietary Educational Institutions Senate President Pro Tempore Ralph G. Recto 21 September 2021 If you recall, CREATE was marketed as the law that will save distressed companies from sinking in a sea of red
JUN
04
2021

Erroneous revenue order can bankrupt struggling private schools

The BIR should rescind its erroneous order imposing a 25 percent corporate income tax on private schools, as “it is a flawed interpretation of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act,” said Senate President Pro Tempore Ralph Recto. “Yung title pa
MAR
26
2021

RA 11534: Corporate Recovery and Tax Incentives for Enterprises Act or CREATE

Republic of the PhilippinesCongress of the PhilippinesMetro ManilaEighteenth CongressSecond Regular Session Begun and held in Metro Manila, on Monday, the twenty-seventh day of July, two thousand twenty. [REPUBLIC ACT NO. 11534] AN ACT REFORMING THE CORPORATE INCOME TAX AND
FEB
03
2021

“Consoler-in-Chief must not veto CREATE provisions on drugs”

EXPLANATION OF VOTEBicameral Conference Committee Report on the disagreeing provisions of HBN 4157 and SB 1357: Corporate Recovery and Tax Incentives for Enterprises (CREATE) ActSenate President Pro Tempore Ralph G. Recto03 February 2021 Mr. President, my dear colleagues: It has
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