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

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.