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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, granting a tax-based export incentive to domestic enterprises with at least USD 100 million in export sales and re...

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Intervention Details

Intervention Type

Tax-based export incentive

MAST Chapter

P: Export-related measures (incl. subsidies)

Implementation date

23 Nov 2024

Revocation date

No revocation date

Implementation level

National

Affected flow

Outward subsidy

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Products

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