TUESDAY & WEDNESDAY, MAY 20 & 21, 2025 * 9:00AM TO 12:00NN via ZOOM
The Implementing Rules and Regulations (IRR) of the CREATE MORE Act took effect on February 20, 2025. This marks a major shift in the Philippines’ tax and investment landscape through enhanced tax incentives, lower corporate income tax rates and streamlined VAT zero-rating processes that aims to attract both local and foreign investments while ensuring that businesses remain competitive.
Join this two-session training to clearly understand these new provisions and their interpretations on how to apply their benefits. It will provide a deep dive into the key provisions of the CREATE MORE Act and its IRR, including tax incentives for Registered Business Enterprises (RBEs), transitory rules for pre-existing investments and new compliance requirements.
Participants will gain practical insights into navigating the decision-making process, leveraging available deductions, and ensuring seamless compliance with government regulations. This program will help you capitalize on the opportunities under CREATE MORE while mitigating risks associated with non-compliance.
Whether you are looking to expand your business, attract foreign investments or streamline tax strategies, this training is your guide to maximizing the benefits of the Philippines’ most significant tax reform. Enroll and take the lead in staying ahead of the regulatory changes that will impact on your business.
She is the managing and founding partner of Mata-Perez, Tamayo & Francisco and is currently the Chairperson of the Tax Committee of the Management Association of the Philippines (MAP).
She is a leading and highly-ranked tax practitioner in the country and is named among the top 100 lawyers by Asia Business Law Journals. She has over 30 years of experience in tax, transactions, corporate reorganizations and other corporate matters.
Her previous positions include having been president of Tax Management Association of the Philippines and Asia-Oceana Tax Consultants Association, Inc.; executive vice president of FINEX; Partner at Salvador & Associates and many more.
She finished her Juris Doctor degree as salutatorian of her class at the Ateneo de Manila University School of Law. She obtained a Bachelor of Science in Commerce degree, major in accounting as summa cum laude from the University of San Carlos, Cebu City.
CREATE MORE and its IRR
Corporate Recovery and Tax Incentives for Enterprises Maximize Opportunities for Reinvigorating the Economy
I. GENERAL
- Scope and Purpose of CREATE More and its IRR
- Effectivity
- Regulations Issued
- Implementing Rules and Regulations
- FIRB Resolution No. 001-2025
- Revenue Regulations Nos. 6-2025 & 8-2025
II. TAX AND DUTY INCENTIVES
- Types of Incentives granted under the Tax Code, as amended by CREATE More
- Improvements Introduced by CREATE More
- Income Tax Amendments
- Reduction of Income Tax
- CAP on Withholding Tax
- VAT zero-rating amendments
- VAT refunds
- Power of LGUs to impose local business tax on registered business enterprises (RBEs)
- Customs Duty Exemption on lmportation of Capital Equipment, Raw Materials, Spare Parts,
and Accessories
- New Conditions and Periods for Availment of lncentives
III. CONDITIONS AND PROCEDURES FORREGISTRATION AND AVAILMENT OF
INCENTIVES
- Strategic lnvestment Priority Plan
- Registration of Business Enterprise
- Action on the Registration
- Application for lncome Tax-Based lncentives
- Application for a VAT Zero-Rating Certificate
- Prohibition on Registered Activities
- Forms and Certificates
IV. TAX INCENTIVES MANAGEMENT AND TRANSPARENCY
- New filing and submission requirements
- lmpact Evaluation on Tax lncentives
V. REVISED POWERS OF President, FISCAL INCENTIVES REVIEW BOARD and IPAs
- Power of the President to Grant lncentives
- Expanded Functions of the IPAs and the FIRB
- Powers and functions of the following:
- Fiscal lncentives Review Board Proper
- Fiscal lncentives Review Board Technical Committee
- Fiscal lncentives Review Board Secretariat
VI. OTHER AMENDMENTS
- New rules and periods on refunds
- Taxation of petroleum products
- Telecommuting
- Establishment of One-Stop Action Center and Initial. Point of Contact for
Foreign Investment Leads
VII. OTHER PROVISIONS
- Transitory and Miscellaneous Provisions
- lnvestments Prior to the Effectivity of RA No. 11534
- Misrepresentation and Violation of Other Provisions of the Tax Code
- Temporary Measures for Exceptional Circumstances
- Final Provisions
Note: The lectures and discussions may not necessarily follow the sequence presented in the above course outline. The use of examples is intended to incorporate several principles together to effectively impart knowledge to the audience.
"We need to continue making strides in this area. The incentives under the CREATE MORE Act, especially the increased power cost deduction, help address these issues."
Albay Representative Joey Salceda, author of CREATE MORE bill
Contact Person: Camille Joyce Jonas
Mobile Number (+63 939) 914-8689
Telefax: (+632) 8842-7148 or 59
Email: camille.cgbp@yahoo.com
