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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 incentive to foreign investment on domestic enterprises with at least PHP 15 billion (USD 255 milli...

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Intervention Details

Intervention Type

FDI: Financial incentive

MAST Chapter

FDI measures

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 Products

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