MANILA, Philippines — The proposed Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act now only needs the signature of President Rodrigo Duterte after Congress ratified the final version of the measure on Wednesday.
In their respective plenary sessions, the Senate and the House of Representatives ratified the bicameral conference committee on the disagreeing provisions of Senate Bill No. 1357 and House Bill No. 4157, which are the two chamber’s own version of the CREATE bill.
The measure seeks to reform corporate income taxes and incentives in the country.
Lower taxes
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Keep on reading: CREATE bill up for Duterte’s signature