New tax reform bill offers more ‘flexible incentives,’ says Salceda

New tax reform bill offers more ‘flexible incentives,’ says Salceda

MANILA, Philippines — There will be more flexible incentives in the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE) bill, which was previously called as the Corporate Income Tax and Incentives Reform Act (CITIRA), Albay Rep. Joey Salceda said on Saturday. “The new CITIRA will now reduce corporate income taxes faster, from 1 percent […]