Philippines Addresses Japan Firms’ VAT Concerns with CREATE MORE Law

• Philippine economic team reassures Japanese investors about proposed changes to tax incentives
• CREATE MORE law enhances fiscal and non-fiscal incentives for investors
• Addresses concerns of Japanese investors, including VAT refunds
• Exempts export-oriented enterprises from paying VAT
• Reforms VAT refund system to make it timely, efficient, and predictable
• Ensures maximum enjoyment of VAT zero-rating incentives for investors

Source: manilastandard.net

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.

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