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The Philippine Economic Zone Authority (PEZA) has endorsed to the Office of the President a total of 21 projects for proclamation as special economic zone developments. PEZA Officer-in-Charge Tereso O. Panga reported during the agency’s 28TH Anniversary celebration on Friday, Feb. 24, that once p
THE Philippine Economic Zone Authority (PEZA) is urging the government to leverage the Corporate Recovery and Tax incentives for Enterprises (CREATE) Act as a platform to stimulate domestic production and services. “Maybe it’s about time that the government, with the CREATE as the platform, stimulate domestic production and services by…
THE value-added tax (VAT) refund process is one ofthe “biggest challenge” confronting ecozone locators, according to a top official of the American Chamber of Commerce of the Philippines (AmCham). AmCham Executive Director Ebb Hinchliffe told reporters in a recent interview that it takes a while for the Philippine Economic Zone…
THE Philippine Economic Zone Authority (PEZA) said there’s a need to revisit the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law to make fiscal incentives “more competitive.” “We know that this is all a concern of the industry, particularly on the [Bureau of Internal Revenue Revenue Memorandum Circulars] BIR…
The Philippine Economic Zone Authority (PEZA) said the country has attracted nearly P40 billion in investments for 148 new and expansion projects in January to September. PEZA Officer-in-Charge Tereso O. Panga said in a statement that the agency approved investments amounting to P39.631 billion during the nine-month period. However, data…