Create Act News Today

By now, you are aware that the USPTO released a Notice of Proposed Rulemaking on May 10, 2024, that would dramatically alter patent applicant and patentee statutory rights in their patent filings by proposing a draconian change to the requirements for submission of a terminal disclaimer.

THE government’s economic development team has appealed for the real estate industry’s continued investment to help achieve the administration’s economic and housing agenda. Rising from the aftermath of the Covid-19 crisis, the Philippines became the fastest-growing economy in Southeast Asia in 2023 with a 5.6-percent annualized gross domestic product (GDP) growth—slightly…

President Ferdinand Marcos Jr. will bring home $4 billion, or P220 billion worth of investment deals from his visit to Germany.

LOCAL economists have raised alarm bells over the Corporate Recovery and Tax Incentives for Enterprises Maximize Opportunities for Reinvigorating the Economy (Create More) bill, saying this may only allow businesses to keep their incentives longer. In a statement on Tuesday, Action for Economic Reforms (AER) said the Senate should protect…

THE tax code is a road map for law-abiding citizens and businesses to pay what they fairly owe, not an obstacle course to be gamed and gotten around. – Max Baucus

THE drafting of implementing rules and regulations (IRR) becomes imperative after a law is enacted. The IRRs purpose is to establish guidelines that will facilitate compliance with the law and the realization of its objectives. A recurring challenge, however, is the presence of IRR provisions that may conflict with the underlying law or, in some cases, the absence of necessary regulations. This raises concerns and questions among interested parties regarding which set of guidelines should take p...

Discover the untapped potential of Davao tourism for lucrative investments | Tieza emphasizes the region's safety and diverse offerings in nature, culture, and heritage | Explore incentives and opportunities for new business ventures in tourist transport, accommodation, amusement parks, and more | Learn about Tieza's efforts to reshape Mindanao's image and attract investors

A TOTAL of 45 big-ticket projects worth P721.29 billion have been approved as of August by the Fiscal Incentives Review Board (FIRB), the Finance department said on Wednesday.

Tax Notes: Reiteration of VAT incentives for registered businesses under Create Law

THE amendments to the National Internal Revenue Code of 1997 (Tax Code), introduced by Republic Act (RA) 11534 (Create) and by RA 10963, or the Tax Reform for Acceleration and Inclusion (Train), particularly on the imposition of value-added tax (VAT) on indirect exports and limiting the transactions subject to zero-rated VAT, have caused an uproar and much confusion in the business world.