EYPhilippines enhances proposal for corporate tax reform to promote investment
|Tax Alerts, Legislation & Policy, Na ...|Philippines
Executive summary
On 22 May 2020, the Philippine Department of Finance (DOF) officially submitted its proposed amendments to the Corporate Income Tax and Incentives Reform Act (CITIRA)1 bill. The enhanced bill (now referred to as the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE) bill) aims to aid the recovery of businesses negatively affected by the COVID-19 pandemic and enhanc…
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