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April 8, 2021 | 12:32 am Font Size AAA REGISTERED INVESTORS’ inability to apply for new incentives could lead to their departure from the country, the Philippine Economic Zone Authority (PEZA) said on Wednesday. While it welcomed the signing of Republic Act No. 11534 or the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, PEZA noted one of the items vetoed by President Rodrigo R.Duterte may have a “big effect” on the existing foreign direct investors in the country. The vetoed provision under CREATE would have allowed existing registered businesses to apply for extended incentives for the same activity, which Mr. Duterte called “fiscally irresponsible” and unfair to taxpayers and enterprises with no incentives.

Charitob plazaRamonm lopezBeatricem laforgaJuvyc danofrataJeninap ibaRodrigor duterteCarlosg dominguezNational economicNational tax research centerTax incentives for enterprisesDevelopment authorityPhilippine economic zone authorityRepublic actCorporate recoveryTax incentivesPresident rodrigor duterte