Tax Partner Cheryl C. Ong (CCO) was a speaker at a business briefing on the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill hosted by the Canadian Chamber of Commerce of the Philippines (CanCham) last 18 February. CanCham Membership Coordinator Abi Tizon welcomed participants to the briefing and CanCham President and CEO Julian Payne delivered the opening remarks.
CCO discussed the bill’s salient provisions and proposed adjustments in corporate income tax and fiscal incentives as ratified by the bicameral conference committee. She also provided insights on how participants can maximize the incentives under the bill.
Her presentation was followed by a panel discussion with executives from a law office and a professional services firm. They discussed how the CREATE bill will benefit small and medium-sized enterprises, large companies, and local government units outside the National Capital Region and metropolitan areas. They also explained the bill’s immediate impact on the economy and businesses.
