SUBIC BAY FREEPORT—More investor companies are expected to avail of tax incentives under Republic Act No. 11534, or the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, as the government seeks to rationalize taxes and attract more investments.
SUBIC BAY FREEPORT—More investor companies are expected to avail of tax incentives under Republic Act No. 11534, or the Corporate Recovery and Tax Incentives for Enterprises Act, as the government seeks to rationalize taxes and attract more investments.
The forum provided a lively exchange of information between Subic Freeport locators engaged in general business, logistics, import/export, and trading and the FIRB team composed of Deputy Executive Director Michael Ricaza, and lawyers Brandon L. Berad, Lois Ruth Santiago, Mariz Nadora, and Jessa Mae Rapisora.
For foreign investors in Subic and other special economic zones in the country, the CREATE Law was also designed to plug tax leaks by rationalizing fiscal incentives and shifting the administration of such investments toward a performance-based, targeted, and time-bound system.
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