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Concerns over the new CREATE MORE act

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Content provided by BusinessWorld. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BusinessWorld or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

Philippine President Ferdinand “Bongbong” Marcos Jr. has signed the CREATE MORE Act this November, a law that promises to attract more foreign investments and boost economic growth by reducing the corporate income tax rate from 25% to 20% for registered business enterprises (RBEs).

The CREATE MORE Act also offers a VAT zero-rating on essential services like marketing and human resources, among others, that are "directly attributable" to the registered project or activity of a registered company.

However, some economic experts have expressed concern that the newly signed law could potentially create more problems and undermine the existing CREATE Law, which was signed in March 2021.

To take a closer look at CREATE MORE, we spoke with Pia Rodrigo, a Communications Officer at Action for Economic Reforms.

  continue reading

220 episoade

Artwork
iconDistribuie
 
Manage episode 450914798 series 2910458
Content provided by BusinessWorld. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BusinessWorld or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

Philippine President Ferdinand “Bongbong” Marcos Jr. has signed the CREATE MORE Act this November, a law that promises to attract more foreign investments and boost economic growth by reducing the corporate income tax rate from 25% to 20% for registered business enterprises (RBEs).

The CREATE MORE Act also offers a VAT zero-rating on essential services like marketing and human resources, among others, that are "directly attributable" to the registered project or activity of a registered company.

However, some economic experts have expressed concern that the newly signed law could potentially create more problems and undermine the existing CREATE Law, which was signed in March 2021.

To take a closer look at CREATE MORE, we spoke with Pia Rodrigo, a Communications Officer at Action for Economic Reforms.

  continue reading

220 episoade

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