CLARK FREEPORT— The Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act is eyed to transform the Philippines’ business landscape by simplifying tax procedures and enhancing incentives for investors.
This was the focal point at recent town hall meeting here organized by the Clark Development Corp. in partnership with the Fiscal Incentives Review Board (FIRB). Stakeholders were oriented on the newly signed Implementing Rules and Regulations (IRR) of the CEATE MORE Act that aims to streamline tax procedures and broaden incentives to foster a more business-friendly environment in the Philippines.
“CREATE MORE is something that we have all looked forward to. It is something that we all have worked on together. It’s not just CDC going to Congress, going to the Senate, it’s not just CDC asking questions, but really something that occupied our high interest,” CDC president and CEO Atty. Agnes VST Devanadera noted in her remarks.
“In fact, some of you, our locators, our dear locators, actually held on to your investments on your expansion programs because you have always waited for the outcome of CREATE MORE,” she said.
Over 300 participants joined the hybrid meeting, both online and on-site, at the CDC Health and Sanitation Training Hall.
FIRB Assistant Secretary Dakila Napao and other FIRB representatives were led the discussions on key provisions of the law. CDC-PR
