Nd Services That Embed New Technologies And Engaging In Research Developmentr Ampd Activities Commercialization Ofr Leading To Accelerate Innovation Quot Increase The Added Value On Products These Include Investments Robotics News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(File photo) MANILA - The Philippine government, through the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law, is giving generous fiscal incentives for investments in new technologies. Speaking at a forum of the European Chamber of Commerce of the Philippines (ECCP) on Friday, Department of Trade and Industry (DTI) Undersecretary Rafaelita Aldaba said the CREATE Law is aligned with the agency's industrial policy by promoting investments that will push for a fourth industrial revolution. "The Corporate Recovery and Tax Incentives for Enterprises Act provides support measures for innovative projects that companies could access as they implement their industrial transformation plans," she said. Aldaba said under the CREATE Law, Tier 3 activities are given the longest period for income tax holiday (ITH), special corporate income tax (SCIT) of 5 percent for export enterprises, and enhanced deductions. Export enterprises with investments in tier 3 activities w ....

Metro Manila , Philippines General , The Philippines , Tax Incentives For Enterprises , National Capital Region , European Chamber , Corporate Recovery , Tax Incentives , Undersecretary Rafaelita Aldaba , Enterprises Act , Ile Photo Manila The Philippine Government , Hrough The Corporate Recovery And Tax Incentives For Enterprises Create Law , S Giving Generous Fiscal Incentives For Investments In New Technologies Speaking Ata Forum Of The European Chamber Commerce Philippines Eccp On Friday , Epartment Of Trade And Industry Dti Undersecretary Rafaelita Aldaba Said The Create Law Is Aligned With Agency 39s Industrial Policy By Promoting Investments That Will Push Fora Fourth Revolution Quot Corporate Recovery Tax Incentives For Enterprises Act Provides Support Measures Innovative Projects Companies Could Access As They Implement Their Transformation Plans , Uot She Said Aldaba Under The Create Law , Ier 3 Activities Are Given The Longest Period For Income Tax Holiday Ith , Pecial Corporate Income Tax Scit Of 5 Percent For Export Enterprises , Nd Enhanced Deductions Export Enterprises With Investments In Tier 3 Activities Within Metro Manila Are Qualified For Six Years Of Ith And Seven Outside , Nd Another 10 Years Of Enhanced Deductions And Scit For Domestic Market Activities , He Government Provides Six Years Of Ith For Investments In The National Capital Region Ncr And Seven Outside , Nd Five More Years For Enhanced Deductions And Scit Tier 3 Investments Include Those Adopting Advanced Digital Production Technologies Of The Fourth Industrial Revolution Producing Equipment , Nd Services That Embed New Technologies And Engaging In Research Developmentr Ampd Activities Commercialization Ofr Leading To Accelerate Innovation Quot Increase The Added Value On Products These Include Investments Robotics , Industrial Biotechnology , Additive Manufacturing , Advanced Materials , Advanced Manufacturing ,