Thursday Aug 19, 2021
Create law cultivates confidence, confusion; booster shot required
REP. Joey Sarte Salceda of Albay took off his sports jacket and ran a hand on his blue tie during an online discussion (https://www.youtube.com/watch?v=xZIczR2aWjk) on a law that he touts as “the most readily available tool for economic recovery.”
Salceda appeared exasperated, especially with the Bureau of Internal Revenue (BIR), in that online forum days after President Duterte signed Republic Act (RA) 11534 on March 26.
Four months later, the House Committee on Ways and Means Chairman remains bullish that the law, also called Corporate Recovery and Tax Incentives for Enterprises, or CREATE, that he helped craft is one of the country’s tools to climb out of the economic rut.
Version: 20240320
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