• 3,000 firms
  • Independent
  • Trusted
Save up to 70% on staff

News » DOF pitches the passing of CREATE bill

DOF pitches the passing of CREATE bill

DOF pitches the passing of CREATE bill

Department of Finance (DOF) Secretary Carlos G. Dominguez III expressed hope that lawmakers would finally heed President Duterte’s call to pass the “long-due tax reform” that seeks to reduce the corporate income tax (CIT) rate and rationalization of incentives.

In a statement, Dominguez said that the proposed Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act is a vital part of the government’s comprehensive plan to revive the economy that was shattered by the pandemic.

The CREATE bill, which represents Package 2 of the Duterte administration’s comprehensive tax reform program (CTRP), was approved by the House of Representatives last September, but remains pending in the Senate.

“We are hoping that our lawmakers will finally give their nod to this long-due tax reform that has become an integral component of our government’s bounce-back plan for the domestic economy battered by the unprecedented global health crisis,” Dominguez said in reaction to the President’s pitch for CREATE in his State of the Nation Address.

Read more here.

Start your
journey today

  • Independent
  • Free
  • Transparent

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.

“Excellent service for outsourcing advice and expertise for my business.”

Learn more
Banner Image
Get 3 Free Quotes Verified Outsourcing Suppliers
3,000 firms.Just 2 minutes to complete.
SAVE UP TO
70% ON STAFF COSTS
Learn more

Connect with over 3,000 outsourcing services providers.

Banner Image

Transform your business with skilled offshore talent.

  • 3,000 firms
  • Simple
  • Transparent
Banner Image