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Philippines: Government established several tax measures to spur foreign investment under the CREATE MORE Law

Description

On 8 November 2024, the government of the Philippines issued Republic Act No. 120661, providing VAT exemptions on imports conducted by domestic enterprises with at least PHP 15 billion (USD 255 millio...

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Intervention Details

Intervention Type

Internal taxation of imports

MAST Chapter

F: Price-control measures, including additional taxes and charges

Implementation date

23 Nov 2024

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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