- The House of Representatives aims to send the Senate its approved version of the proposed amendments to the CREATE Act by the end of November.
- The proposed amendments aim to make the tax incentives system more responsive and globally competitive.
- The House version of the bill will address issues such as the value-added tax rate and refund issues for exporters.
Source: pna.gov.ph
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Philippines"
- VAT Reduction to 10% Risks Fiscal Deficit, Benefits Wealthy, Warns Philippine Finance Department
- BIR Collects P2.8B from Digital Services VAT, Exceeds Compliance Expectations with 371 DSPs Registered
- BIR Falls Short of VAT Collection Target by P6.37 Billion in First Seven Months
- Philippine Court Clarifies Input VAT Refunds for Zero-Rated Sales in Electricity Sector Case
- Philippine Court Clarifies Input VAT Refunds for Zero-Rated Sales in Automotive Export Case
