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Description
On 26 March 2021, the Philippines issued the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE Act). Among others, it provides tax relief in the form of VAT zero-rating on local purcha...
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Intervention Details
Intervention Type
Tax or social insurance relief
MAST Chapter
L: Subsidies (excl. export subsidies)
Implementation date
11 Apr 2021
Revocation date
No revocation date
Implementation level
National
Affected flow
Inward
Announced as temporary
No
Eligible firms
all
Affected Trading Partners
Table
Affected Sectors
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Affected Products
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