MBC STATEMENT ON “CREATE” BILL
In light of the pandemic situation, Makati Business Club applauds the Department of Finance for swiftly proposing CREATE, a revision of its corporate income tax reform bill to assist businesses at this time. CREATE could also attract companies around the world who are re-thinking how to mitigate supply chain risks in the wake of the coronavirus crisis. There is a potential window of opportunity for the Philippines to attract businesses looking to diversify global locations.