The Philippines is putting out the “open for business” sign.
President Marcos is set to sign the CREATE MORE Act—officially called the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy.
This new law is all about giving both local and foreign investors a clear path to thrive, with easier, predictable tax incentives that let businesses breathe easy and grow.
How CREATE MORE Will Boost Business
The CREATE MORE Act takes the guesswork out of taxes, building on its predecessor by cleaning up VAT provisions and refund processes that used to make businesses’ heads spin.
Senate President Francis Escudero calls it a game-changer, noting that the Act brings in a reliable tax setup to kickstart new investments and create jobs.
Among its highlights? A corporate tax rate cut from 25% to 20% and a boosted 200% deduction on power expenses—crucial in a country where electricity costs can hit the roof.
A Business-Friendly Makeover for the Philippines
With CREATE MORE, it’s not just about numbers; it’s about making the Philippines a place where businesses want to be.
The Act slashes VAT for essential services like HR and security, and even backs work-from-home options for up to 50% of employees.
The bottom line? A friendlier, steadier playing field for businesses and more opportunities for Filipinos.
If there’s ever been a time to invest in the Philippines, CREATE MORE just made it that much sweeter.
