Page 2 - Create Act News Today : Breaking News, Live Updates & Top Stories | Vimarsana

THE drafting of implementing rules and regulations (IRR) becomes imperative after a law is enacted. The IRR's purpose is to establish guidelines that will facilitate compliance with the law and the realization of its objectives. A recurring challenge, however, is the presence of IRR provisions that may conflict with the underlying law or, in some cases, the absence of necessary regulations. This raises concerns and questions among interested parties regarding which set of guidelines should take precedence.

Discover the untapped potential of Davao tourism for lucrative investments | Tieza emphasizes the region's safety and diverse offerings in nature, culture, and heritage | Explore incentives and opportunities for new business ventures in tourist transport, accommodation, amusement parks, and more | Learn about Tieza's efforts to reshape Mindanao's image and attract investors

A TOTAL of 45 big-ticket projects worth P721.29 billion have been approved as of August by the Fiscal Incentives Review Board (FIRB), the Finance department said on Wednesday.

Tax Notes: Reiteration of VAT incentives for registered businesses under Create Law

THE amendments to the National Internal Revenue Code of 1997 (Tax Code), introduced by Republic Act (RA) 11534 (Create) and by RA 10963, or the 'Tax Reform for Acceleration and Inclusion' (Train), particularly on the imposition of value-added tax (VAT) on indirect exports and limiting the transactions subject to zero-rated VAT, have caused an uproar and much confusion in the business world.