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The passage of Senate Bill 2762 or the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy Act will create more jobs and bring in new investors to the country, Senate President Francis “Chiz” Escudero said Sunday.CREATE MORE exempts from value-added tax goods and services such as janitorial, security, financial consultancy, marketing, and human resources.
“CREATE MORE seeks to encourage more investors to come to the Philippines by providing a more predictable and sustainable playing field,” Escudero said.“The bottom line is that it will create a more favorable investment climate that will create more jobs, spur progress without harming our revenue base. Ang hanap lang naman ng mga negosyante ay clear, coherent, consistent rules subject to uniform interpretation and implementation,” he added.
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Escudero: Marcos to sign Create More bill on Nov 11PRESIDENT Ferdinand Marcos Jr. will sign the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy, also known as the Create More bill, into law next month, Senate President Chiz Escudero said.
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