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NONPROFIT group Philippine Energy Efficiency Alliance (PE2) urged the Department of Energy (DOE) to endorse energy efficiency (EE) projects to the Bureau of Investment (BOI) for incentives. The group told the agency to make all EE projects, strategic or otherwise, eligible for Tier III fiscal incentives as provided under Republic…
The bipartisan legislation is aimed at supporting small businesses in creative industries by increasing access to federal resources to help them grow.
U.S. Representative Debbie Dingell (MI-12) knows that the rapidly changing U.S. economy requires investment in small business that specialize in creative
Regulation on 0% VAT for exporters’ local purchases signed, set for release
SunStar + June 02, 2021 The Bureau of Internal Revenue (BIR) has addressed the questions and concerns of taxpayers and stakeholders on corporate income taxation in its Revenue Memorandum Circular (RMC) 62-2021 issued on May 17, 2021. The RMC clarifies BIR Revenue Regulations (RR) 5-2021. Which corporate income tax rate should be used? Under the Corporate Recovery and Tax Incentives for Enterprises (Create) Act, domestic corporations may be subjected to a lower regular corporate income tax (RCIT) rate of 25 percent starting July 1, 2020. Meanwhile, corporations with net taxable in...