Batas para sa bawas-corporate income tax at extension ng WFH incentives, at iba pa, isinabatas

last month

Good news sa mga naka-work from home! Pinalawig pa ang pagbibigay insentibo sa mga kumpanyang nagpapatupad niyan. Laman ‘yan ng bagong lagdang Create More Act na magpapababa rin sa corporate income tax ng mga negosyo.

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Transcript

00:00Good news for those who work from home, the incentives will be extended to the companies that will implement it.

00:09It will include the new CREATE MORE Act that will lower the corporate income tax of businesses.

00:18Ivan Mayrina has the news.

00:24The results of the consultations with the foreign businessmen on their trip.

00:28The new law was passed by President Bongbong Marcos earlier,

00:31the Corporate Recovery and Tax Incentives for Enterprises,

00:35to maximize opportunities for reinvigorating the economy or CREATE MORE Act.

00:40To encourage them to choose not to invest,

00:42the law will lower the corporate income tax by 20% from the previous 25%.

00:48Through this law, we seek to attract both domestic, and this is an important point,

00:52both domestic and global investments, focusing on strategic industries that will shape our future.

00:59The law will also simplify the refund of VAT,

01:02including documentary requirements and local taxation.

01:05To reduce the cost of manufacturing,

01:07deductions will be doubled for the cost of electricity.

01:10Employees will also benefit, not only because of the possible increase in jobs,

01:14but also because of the increase in income.

01:16CREATE MORE will maintain the tax incentives to the companies that will implement the work from home arrangement

01:21for half the number of people.

01:23These incentives will be accepted within 27 years,

01:27from the previous 17 years only.

01:29According to Presidential Advisor and Foreign Investment Secretary Frederick Goh,

01:33there are already those who are expressing interest in building a sector of renewable energy,

01:38shipyard building, as well as electronics and steel production.

01:41Senator Sherwin Gatchalian and Migs Zubiri in the Senate,

01:46and Congressman Joey Salcedo in the House of Representatives.

01:49For GMA Integrated News, Ivan Mejrina for 24 Hours.

Batas para sa bawas-corporate income tax at extension ng WFH incentives, at iba pa, isinabatas | 24 Oras

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Transcript

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