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(File photo) MANILA - The Philippine government, through the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law, is giving generous fiscal incentives for investments in new technologies. Speaking at a forum of the European Chamber of Commerce of the Philippines (ECCP) on Friday, Department of Trade and Industry (DTI) Undersecretary Rafaelita Aldaba said the CREATE Law is aligned with the agency's industrial policy by promoting investments that will push for a fourth industrial revolution. "The Corporate Recovery and Tax Incentives for Enterprises Act provides support measures for innovative projects that companies could access as they implement their industrial transformation plans," she said. Aldaba said under the CREATE Law, Tier 3 activities are given the longest period for income tax holiday (ITH), special corporate income tax (SCIT) of 5 percent for export enterprises, and enhanced deductions. Export enterprises with investments in tier 3 activities w

Metro manilaPhilippines generalThe philippinesTax incentives for enterprisesNational capital regionEuropean chamberCorporate recoveryTax incentivesUndersecretary rafaelita aldabaEnterprises actIle photo manila the philippine governmentHrough the corporate recovery and tax incentives for enterprises create lawS giving generous fiscal incentives for investments in new technologies speaking ata forum of the european chamber commerce philippines eccp on fridayEpartment of trade and industry dti undersecretary rafaelita aldaba said the create law is aligned with agency 39s industrial policy by promoting investments that will push fora fourth revolution quot corporate recovery tax incentives for enterprises act provides support measures innovative projects companies could access as they implement their transformation plansUot she said aldaba under the create lawIer 3 activities are given the longest period for income tax holiday ith