MANILA, Philippines — The bicameral conference committee has approved the reconciled version of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, Albay Rep. Joey Salceda said Monday.
Salceda, who chairs the House committee on ways and means, said the bicameral had settled the disagreeing provisions of House Bill No. 4157 and Senate Bill No. 1357 or the two chambers’ respective versions of CREATE Act, previously called the Corporate Income Tax and Incentives Reform Act (CITIRA) bill.
The measure seeks to reform corporate income taxes and incentives in the country.
“This will be the greatest economic reform of the post-EDSA years, second only to economic am…
Keep on reading: Bicam approves CREATE Act