PRESIDENT 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.
'The President is scheduled to sign it on Nov ember 11, barring any typhoons or calamities,' Escudero said on Thursday at the 13th Arangkada Philippines Forum.The legislation aims to attract more investments to the Philippines, with a focus on lowering the corporate income tax for domestic and foreign companies to 20 percent from the current 25 percent. It also aims to improve the value-added tax refund process. Senate President Chiz Escudero.
Escudero expressed confidence that the bill would be signed into law in toto, saying, 'I don't expect anything to be vetoed... 90 percent sure that it will be as is.' He added that Congress was closely coordinating with the Office of the President, minimizing the possibility of last-minute changes.
Marcos To Sign Create More Bill On Nov 11
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