Announcement
08 Nov 2024
In November 2024, the government of the Philippines established several tax measures to spur foreign investment under the CREATE MORE Law.
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Number of interventions
5
2 certainly harmful
0 likely harmful
3 liberalising
List of interventions
Implementation date
23 Nov 2024
Revocation date:
No revocation date
Updated: 08 Nov 2024
FDI: Financial incentive
In force
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 mi...
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Updated: 08 Nov 2024
Internal taxation of imports
In force
On 8 November 2024, the government of the Philippines issued Republic Act No. 120661, providing VAT exemptions on imports of goods conducted by registered export enterprises whose export sales are ...
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Updated: 08 Nov 2024
Internal taxation of imports
In force
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 mil...
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Implementation date
23 Nov 2024
Revocation date:
No revocation date
Updated: 08 Nov 2024
Tax or social insurance relief
In force
On 8 November 2024, the government of the Philippines issued Republic Act No. 120661, granting a tax concession to domestic enterprises with at least PHP 15 billion (USD 255 million) in foreign inv...
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Updated: 08 Nov 2024
Tax-based export incentive
In force
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...
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