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The Philippines CREATE Act Comes into Effect, Pushing for Accelerated Economic Recovery
The Philippines CREATE Act Comes into Effect, Pushing for Accelerated Economic Recovery April 16, 2021 Posted by ASEAN Briefing Written by Lisa Prodent Reading Time: 4 minutes
The CREATE Act is a time-bound and tailor-made set of corporate and tax reforms to counter the effects of COVID-19 on the Philippines’ economy.
The Act reduces the financial burden on foreign and domestic companies through various tax incentives.
Through the CREATE Act, the government hopes to increase the country’s investment appeal and better compete with its ASEAN counterparts.
The Corporate Recovery and Tax Incentives for Enterprises Act (CREATE Act), was passed into law on March 26 this year. The Act’s purpose is to grant tax relief for companies in financial need, provide transparent tax provisions, and further increase the competitiveness of th
DEPARTMENT OF TAXATION & REVENUE
New Mexico Taxation and Revenue Secretary Stephanie Schardin Clarke applauded the Legislature’s passage of several bills recently signed into law by Gov. Michelle Lujan Grisham that clarify and update the state’s tax codes.
House Bill 98, which was introduced on behalf of the Department, makes dozens of clarifications to statute to prevent disputes and allow the Department to operate more efficiently.
One important change in House Bill 98 is a simple one-word fix making it clear that delivered groceries qualify for a Gross Receipts Tax deduction for groceries as long as they are sold
by a qualifying grocer. Under the old law, groceries had to be purchased
Brazil: Petrobras signs Sepia and Atapu surplus Agreement
12 Apr 2021
Petrobras has signed an Agreement with the Federal Government, which establishes the stakes in each contract and the amount of compensation to Petrobras in the event of a bid for the
Transfer of Rights´ surplus volumes in the fields of Sépia and Atapu.
The Transfer of Rights Agreement, signed in 2010 between Petrobras and the Federal Government, included the exercise of exploration and production activities in the areas of Sépia and Atapu, with production volumes limited to 500 million barrels of oil equivalent (boe) in Sépia and 550 million boe in Atapu.
The State of Georgia’s net tax collections for March totaled nearly $1.90 billion for an increase of almost $67 million, or 3.7 percent, compared to March 2020, when net tax collections totaled $1.83 billion. Year-to-date, total net tax collections approached $18.94 billion, for an increase of roughly $1.55 billion, or 8.9 percent, compared to FY […]