Pres. Duterte signs CREATE Act, cuts corporate income tax rate to 25% to attract more investments amid pandemic

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  (Eagle News) — President Rodrigo Duterte signed into law on Friday, March 26, the proposed Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act which lowered the corporate income tax rate to 25 percent in hopes of attracting more investments amid the still raging COVID-19 pandemic. Republic Act (RA) 11534 or the CREATE Act introduces reforms to the corporate income tax and incentives systems. Aside from cutting the corporate income tax rate to 25 […]