PBBM, tinintahan ang CREATE MORE bill para makahikayat ng mas maraming investments

TININTAHAN ni Pangulong Ferdinand R. Marcos Jr., araw ng Lunes, Nobyembre 11, ang Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act para i-promote ang Pilipinas bilang pangunahing investment destination.

Ang CREATE MORE Act o Republic Act (RA) 12066, nilagdaan ni Pangulong Marcos sa isang seremonya sa Palasyo ng Malakanyang, itinayo para sa game-changing economic reforms na ipinakilala sa ilalim ng CREATE law upang gawing mas ‘globally competitive, investment-friendly, predictable at accountable’ ang tax incentives regime ng bansa.

Tinuran pa ni Pangulo Marcos na ang paglagda sa RA 12066 ay nagpapahiwatig ng ‘unwavering commitment’ ng kanyang administrasyon para bigyang kapangyarihan ang sektor ng negosyo na palakasin ang kanilang ‘growth prospects.’

“We cannot emphasize enough the important role of the business sector in shaping this law. Your feedback has been essential in our efforts to craft policies that make our country truly competitive on the global stage,” ang sinabi ni Pangulong Marcos.

“As we open new doors of opportunity, we drive businesses to reinvest their capital, build upon the workforce, and initiate a ripple effect that will be felt across generations,” dagdag na wika nito.

Aniya pa, ang bagong batas ay “reflection of the government’s resolve to foster a climate where businesses will flourish and continue to meaningfully contribute to the Philippine economy.”

“By establishing clear timelines and deadlines and by limiting compliance requirements to those mandated by law, we are promoting transparency and predictability. And in so doing, we create a more reliable process that instills confidence in investors and in partners alike,” ang sinabi ni Pangulong Marcos.

“To our investors and development partners, let this be our pledge: The Bagong Pilipinas (New Philippines) continues to foster an economy where businesses and investments remain at the heart of our progressive development.”dagdag na wika ng Chief Executive.

Sa ilalim ng CREATE MORE Act, ang maximum duration ng tax incentives availment ay extended ng 10 taon hanggang 27 taon mula 17 taon, para makahikayat ng ‘strategic at high-quality investments.

Ang Registered business enterprises (RBEs) sa ilalim ng pinahusay na deductions regime ay mapakikinabangan mula sa isang binawasan na corporate income tax rate na 20%.

Nagkaloob din ang bagong batas ng isang 100-% additional deduction sa power expenses para tapyasan ang halaga para sa manufacturing sector.

“It also further streamlines the value-added tax (VAT) refund process by limiting the documentary requirements and addressing the VAT concerns raised by export-oriented enterprises,” ayon sa naturang batas.

Sa kabilang dako, ipinakilala rin ng RA 12066 ang iba’t ibang reporma gaya ng ‘rationalization and streamlining of incentives-related processes to address investors’ pain points and cultivate an investment-friendly climate.”

Ginawa rin nitong simple ang local taxation sa pamamagitan ng pagpapataw ng local tax sa RBEs bilang kapalit ng lahat ng iba pang ‘local taxes, fees, at charges.’

Pinalakas din ng CREATE MORE law ang kaukulang mandato ng Fiscal Incentives Review Board (FIRB) at investment promotion agencies (IPAs).

“It institutionalizes the adoption of flexible work arrangements as a business model for RBEs operating inside economic zones and freeports, without disruption in the enjoyment of their tax incentives,” ayon sa ulat.

Samantala, sinabi naman ni Pangulong Marcos na makikinabang ang mga mamamayang filipino mula sa pagpapasa ng CREATE MORE Act sa pamamagitan ng ‘more and better economic opportunities’ na makapagpapa-angat ng kanilang buhay gaya ng high-quality jobs.

Ang paglagda sa CREATE MORE law ay consistent sa 8-point socioeconomic agenda ng administrasyong Marcos. (Daris Jose)