Latest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
President Ferdinand “Bongbong” Marcos Jr. is set to sign the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy bill into law next month, Senate President Francis “Chiz” Escudero said Thursday.Speaking before local and foreign businessmen, Escudero said the measure, which seeks to encourage more investors to come to the Philippines, has been transmitted to Malacañang and is set to be signed by Marcos on November 11.
The CREATE MORE bill seeks to lower the corporate income tax for domestic and foreign companies to 20% from 25%, and improve the value-added tax refund process.Under the existing VAT refund process, any excess input VAT credit arising from zero-rated sales or previously from significant capital expenditures would have to be paid back by the government.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Philippine court says top Marcos aide not guilty of graftDefining the News
Read more »
Tricycle driver arrested for allegedly stabbing neighbor in Navotas over 20 years agoLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
North Korea says South Korea is 'hostile state' under constitutionLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
One Direction ex-singer Liam Payne falls to death at Argentina hotelLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
Amy Adams says physical 'Nightbitch' role came with great freedomLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
Few countries have drawn up nature protection plans — UNLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »