The Malaysia Chamber of Commerce and Industries Philippines, Inc. (MCCI) conducted a webinar titled A Closer Look at CREATE: Its Salient Provisions and Impact on Businesses last 30 March. MCCI President and Chairman Edward Ling delivered the opening remarks and discussed the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act’s impact on local businesses. Participants from different industries and institutions attended the webinar, including SGV Clark Head Jose Pepito E. Zabat (JEZ), SGV Tax Partner Sonia D. Segovia (SDS), and Commercial Attaché of the Philippine Trade & Investment Center in Kuala Lumpur and Officer-in-charge of the Philippine Trade & Investment Center in Singapore Katrina Banzon. SGV Tax Senior Director Don Don Mojica moderated the webinar.
SGV Tax Partners Hentje Leo L. Leaño (LLL) and Margaux A. Advincula (MAA) provided an overview of the Act’s salient provisions, particularly the adjustments in corporate tax and other taxes, the rationalization of fiscal incentives, and its effects on businesses in the Philippines. The webinar concluded with an open forum led by LLL and MAA.
