Published January 12, 2021, 1:30 PM
The Philippine Stock Exchange, Inc. and the Philippine Dealing System Holdings Corporation have expressed strong support for the passage of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Bill.
The CREATE Bill is another landmark bill in a series of reform measures intend to institute much-needed improvements in the tax system.
“The PSE and PDS believe that the immediate lowering of the corporate income tax to 25 percent effective July 1, 2020, will make the country’s tax rates more competitive vis-a-vis its peers in the ASEAN region and make the Philippines an attractive investment destination and the domestic capital market a viable venue for fundraising,” said the PSE and PDS in a joint statement.