Tag: Corporate Income Tax

Pres. Duterte signs CREATE Act, cuts corporate income tax rate to 25% to attract more investments amid pandemic

  (Eagle News) — President Rodrigo Duterte signed into law on Friday, March 26, the proposed Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act which lowered the corporate income tax rate to 25 percent in hopes of attracting more investments amid the still raging COVID-19 pandemic. Republic Act (RA) 11534 or the CREATE Act introduces reforms to the corporate income tax and incentives systems. Aside from cutting the corporate income tax rate to 25 […]

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Package 2 of TRAIN to lower corporate income tax of businesses, to provide more incentives

(Eagle News) – The second package of the Tax Reform for Acceleration and Inclusion (TRAIN) will lower the corporate income tax paid by some 95 percent of businesses, and retain and provide new fiscal incentives for deserving recipients. Finance Assistant Secretary Paola Alvarez announced this as she clarified that the fiscal incentives under Package 2 of TRAIN will be given to those who contributed to national development and helped generate pro-poor investments and jobs. Under […]

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